Axis Direct Cover Order. This will continue till the full quantity is exhausted. Besides it also offers investment services in.
For every position you are required to define Trigger Price stop loss. 5Cover - Place Buy and Sell orders simultaneously and get better leverage based on your choice. AxisDirect is the brand of Axis Securities Limited.
Link to understand stop loss.
Cover Order is a two leg order. Besides it also offers investment services in. Since a stop loss order is placed the maximum loss you will bear is known in advance if the trade moves against you. A Cover Order CO is an order with an in-built risk mitigation mechanism.
