Assistance needed with placing specific order types (Buy Stop Limit, Sell Stop, Sell Limit) in Dhan

Need Help ℹ️ Query Resolved!✅
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Hello Dhan Community,

I am new to stock trading and usually trade on 1-day charts. I’ve been watching some YouTube videos on how to place an order and find this strategy effective if, for example, I am going long on a stock:

1.	Entry: Place a Buy Stop Limit Order
2.	Stop Loss: Place a Sell Stop Order
3.	Target Price (Take Profit): Place a Sell Limit Order

The problem is that I am struggling to execute these order types in the Dhan App, Dhan Web or Dhan TradingView. Could someone please guide me through the process of setting up these orders? I typically would prefer to leave my orders for a couple of days until they either hit my target price or stop loss.

Any detailed steps or video tutorials would be greatly appreciated!

Thank you in advance for your help.

Aniket

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Hi @Aniket_Anand_02 Welcome to MadeforTrade community.

I’m guessing you want to take a position with Target & Stop Loss together, in that case you can either evaluate using a Bracket Order or a Cover Order. More details for same are here:

Bracket Order: https://www.youtube.com/watch?v=gsUKBz-xRVE or https://www.youtube.com/watch?v=RHivVzqLmH4

Cover Order (not Dhan video): https://www.youtube.com/watch?v=CA1_iR3DhV8

If you are looking to do same for Stocks, consider using Forever Order with OCO. More details for same are here:

Forever Order on Dhan: https://www.youtube.com/watch?v=yuPJNFe6NMg

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Hi @PravinJ and thanks for your response. This helps me a lot. I have a few follow up questions though. I can place a bracket order or cover order if I want to carry forward, right? because that is what I am doing at the moment. So, I think, that to carry forward, I should place a Forever Order with OCO. Is that correct?

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yes

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