Can I place my target and stoploss together?

Yes. Punch Protection lets you set a stop-loss and target on the same position with no extra margin.

Written By Archit Sunat

Last updated 27 days ago

Absolutely. This is exactly what the Protection feature on Punch is built for — it lets you define both your exit levels in one step.

How to Set Both SL and Target

  1. Go to your open positions and select the position you want to protect.

  2. Tap on Protection.

  3. Enter your stop-loss price (the level where you want to cut losses).

  4. Enter your target price (the level where you want to book profits).

  5. Confirm, and both orders are set.

What Happens When One Is Hit?

Protection works as a linked pair - OCO (One Cancels Other). If your stop-loss is triggered, the target order is automatically cancelled. Similarly, if your target is hit first, the stop-loss is removed. This means you will never end up with a stale order sitting in your book after the trade is done.

No Additional Margin

Setting both a stop-loss and a target does not require any extra funds beyond the margin already blocked for your position. You can protect every trade without worrying about additional costs.