How to place cover order in Upstox?

A cover-order is an intraday 2-legged order, first leg is normal order to buy or sell a stock, and the second leg is a stop-loss order. Upstox facilitates customers to place a cover order on the Upstox Pro platform. Placing a cover order through Upstox is simple. Cover order facilitates you putting a stop loss to your position while entering into the trade. This can be put through apps as well as the web. Follow the steps below to know how to place a cover order through Upstox.

• Visit upstox.com
• Hover your crosser on the scrip you want to trade from the watchlist.
• You can select “B” for buy and “S” for sell.
• Enter the quantity, and select the product type as “Intraday”.
• In complexity, choose ”CO.”
• You can put both the Market order as well as the Limit order.
• Once you select the order type, enter your trade's “Stoploss” price.
• Click” Review order.”
• Then “Place the order.”