How to put stop loss order in Nuvama mobile app?

Nuvama mobile trader app allows customers to place various types of orders such as market order, limit order, stop-loss order, and others. A stop-loss order is placed on the exchange to limit losses in case of adverse price movement.

Steps to place stop-loss order in Nuvama

• Login to the Nuvama Account.
• Tap on the “+” icon respective to the stock to add it to the watchlist.
• Click on the “Buy” order” option.
• Now, select “Stop-loss” order as a product type.
• Enter details like price, quantity, stop-loss price, and trigger price.
• Recheck all the details and confirm the order.

Note: Once the stock reaches the trigger price, then the stop-loss order will be automatically placed on the exchange.