What is a bracket order in Alice Blue?

A Bracket Order (BO) is an advanced order type that allows traders to limit losses and lock in a profit. Clients can choose BO as an order type in the Place Order window.

A Bracket Order is a set of 3 orders (1 Buy, 2 Sell) placed at once. For example, you place a buy order for a stock at Rs 100. You also place a higher sell order at Rs 110 and a lower sell order at Rs 90. The higher sell order locks in the profit whereas the lower sell order limits the losses. A sell order will get automatically executed when any of the set 'sell order' prices are reached.

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