What is a Bracket Order?

• Main Order: Your entry into the trade (buy or sell).
• Target Order: The price at which you want to book profits.
• Stop Loss Order: The price at which your position will be squared off to limit losses.

Example:

• You place a Buy BO at ₹920.
• You set a Target at ₹950.
• You set a Stop Loss at ₹905.

Key Features:

• Multiple orders managed in one go.
• Auto-cancellation of the opposite order once one is executed.
• Useful for both intraday and quick swing traders.
• Leverage availability based on the stock and exchange.

What is a Cover Order?

• Main Order: Market or limit order for entry.
• Stop Loss Order: A mandatory stop loss is placed simultaneously to cover potential losses.

Example:

• You place a Sell CO at ₹22,400.
• System prompts for a Stop Loss between ₹22,410 and ₹22,500.
• Your position stays open until you exit manually or SL hits.

Key Features:

• Mandatory stop loss makes it safer than naked intraday orders.
• Offers higher margin/leverage than regular intraday orders.
• Cannot define target; exit must be manual or via square-off.
• Fast execution ideal for scalpers and high-frequency traders.

Bracket vs Cover Order – Key Differences

Why Use BO/CO with RMoney?

Final Thoughts