Can I set my target and stop-loss when placing an order on Punch?

Protection orders currently work only on existing positions. Bracket orders for entry-level SL and target are coming soon.

Written By Archit Sunat

Last updated 27 days ago

Right now, you can add a stop-loss and target to a position only after it has been executed. This means you first place your buy or sell order, wait for it to fill, and then apply Protection to the open position.

Why Can't I Set SL and Target at Entry?

The Protection feature on Punch is designed to work on open positions. It does not attach to the order itself at the time of placing it. So if you place a limit buy order, you will need to wait until it gets filled before adding your stop-loss and target.

What About Bracket Orders?

A bracket order lets you set your entry price, stop-loss, and target all in one go — before the trade is executed. This feature is currently being built and will be available on Punch soon. Once launched, you will be able to define your complete trade plan upfront.

What You Can Do Today

  1. Place your order (market or limit).

  2. Once the position is open, go to your positions list.

  3. Tap on the position and apply Protection to set your stop-loss and/or target.