Sharekhan Trading: How to Place Stop Loss Properly

If you’re trading using Sharekhan and want to protect your capital from sudden market crashes, placing a stop loss is essential. This feature helps limit your loss by automatically selling your position when the stock hits a certain price.

In this article, you’ll learn how to put a stop loss in Sharekhan, step-by-step, whether you’re a beginner or an experienced trader.

✅ Stop Loss in Sharekhan

A Stop Loss is an automatic instruction that tells the broker to sell a stock if it drops to a specific price. It helps traders cut losses and manage risk effectively.

Example:

If you buy a stock at ₹500 and set a stop loss at ₹480, your position will be automatically sold when the stock hits ₹480, minimizing your loss.

💡 Why Use Stop Loss in Sharekhan?

Using a stop loss can:

• ❌ Prevent large losses
• 📉 Reduce emotional trading decisions
• 📈 Protect profits in volatile markets
• 🔄 Automate risk management in trades

🛠️ How To Put A Stop Loss In Sharekhan [Step-by-Step]

Follow these simple steps to place a stop loss using the Sharekhan TradeTiger platform or the Sharekhan App:

📱 For Sharekhan Mobile App:

1. Login to Sharekhan App
   • Open the Sharekhan app and log in with your credentials.
2. Search the Stock
   • Use the search bar to find the stock you want to buy or place a stop loss for.
3. Click on Buy/Sell
   • Tap on Buy or Sell depending on your position.
4. Select Order Type as SL or SL-M
   • Choose SL (Stop Loss) if you want to set a trigger price and a limit price.
   • Choose SL-M (Stop Loss Market) if you want to sell at the market price when the trigger is hit.
5. Enter Quantity and Prices
   • Quantity: Number of shares
   • Trigger Price: The price that activates the stop loss
   • Limit Price (for SL): The actual price you’re willing to accept
6. Choose Product Type (MIS or CNC)
   • MIS = Intraday
   • CNC = Delivery
7. Place Order
   • Click Review and then Place Order

✅ Done! Your stop loss is now active.

💻 For Sharekhan TradeTiger (Desktop):

1. Open TradeTiger and Login
2. Go to Market Watch > Right-click on Stock
3. Select Buy/Sell > Choose SL or SL-M
4. Enter:
   • Quantity
   • Trigger Price
   • Limit Price (if SL)
5. Confirm and Place Order

🧠 Pro Tips for Using Stop Loss in Sharekhan

• Don’t place stop loss too close to the current price — allow for market fluctuations.
• Use SL-M if you want to ensure the stock is sold without slippage delay.
• Review and modify your stop loss as the market moves in your favor.
• Always check if your stop loss order is triggered or pending.

❓ Frequently Asked Questions

🔸 Is Stop Loss available in Sharekhan for both intraday and delivery?

Yes, you can set stop loss for both intraday (MIS) and delivery (CNC) orders.

🔸 Can I cancel or modify my stop loss order in Sharekhan?

Yes, you can easily modify or cancel stop loss orders before they get triggered.

🔸 What is the difference between SL and SL-M?

• SL (Stop Loss) = Trigger price + Limit price
• SL-M (Stop Loss Market) = Trigger price only (auto-sells at market price)

🏁 Final Thoughts: Use Stop Loss Like a Pro

Placing a stop loss in Sharekhan is one of the smartest things you can do to protect your investments. Whether you’re doing intraday trading or long-term investing, a stop loss keeps your risks in check and lets you trade with more confidence.

Now that you know how to put a stop loss in Sharekhan, start applying it in your trades and build a safer trading strategy.