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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.

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