What is Bracket Order (BO)?

What is Bracket Order (BO)?

What if i tell you there is a order where you can place buying price (selling price) ,stop-loss price as well as target price. Bracket order consist of all this. The benefits of multiple orders placed through bracket order is ,it allows you to fully automate a particular trade in a given security.

It essentially consists of 3 Legs or individual orders, which allows you to place a buy or sell order, its target order as well as its stop loss order.

The only drawback is that Bracket Orders typically restricted to a single day . So your order get squared up before 3:15 in case of Equity , future & option and before 11:15 in case of commodity .

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