What is trigger price in Zerodha?

Trigger price is the price entered by a trader while placing a stop-loss limit and stop-loss market orders. Once the stock reaches the trigger price level, the buy or sell order will automatically send to the exchange.

Trigger price in Zerodha Stop-loss order

To place a stop-loss order, select “SL” in the order window, enter trigger price and enter the price at which you want to execute the trade.

Trigger price in Zerodha Stop loss market (SL-M) order

To place trigger price in Zerodha SL-M order, select SL-M and enter the trigger price, once the stock will reach the mentioned price level, then the order will execute at the prevailing market price.

Trigger price can also be entered for the bracket order and cover order with Zerodha.