How to put stop-loss order in ICICI Direct?

ICICI Direct customers can place a stop-loss order in the ICICI Direct website or mobile app using the regular buy/sell order form. You just have to fill an additional field 'Stop Loss Trigger Price' in the order form and place the order.

A stop-loss (SL) order gets activated only when the set trigger price is reached. The SL order type is used to limit the loss of a position.

Example:

You buy a stock Rs 250 in the expectation that the price will go up. However, in the event the price falls, you would like to limit your losses.

You may place a limit sell order specifying a Stop loss trigger price of Rs 205 and a limit price of Rs 200. Once the last traded price touches Rs 205, the sell order gets converted into a limit sell order at Rs 300.