Yes. The Samco app supports Bracket Orders (BO), which allow you to set a target price and a stop-loss at the time of placing your buy order itself. This means you do not have to monitor the trade constantly the system will automatically exit the position when either the target or the stop-loss is hit.
Here is how a Bracket Order works on the Samco app:
- Open the order placement screen for the stock you want to buy
- Select Bracket as the product type
- You will see two additional fields:
- Target — set the Target Price and the percentage above your order price at which you want to book profit
- Stop Loss — set the Stop Loss Price and the percentage below your order price at which you want to cut losses
- You also have the option to enable a Trailing Stop Loss, which automatically moves your stop-loss upward as the price rises — locking in more profit as the trade moves in your favour
- The Funds Required is shown at the bottom based on your order details
- Tap Buy to place the order
Once the order is executed, the system monitors the target and stop-loss levels automatically. Whichever is hit first target or stop-loss the position is squared off accordingly.
Easy & quick
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