What if I just want to place Stoploss and not target?

You can set only a stop-loss without a target. Just toggle off the target option while applying Protection.

Written By Archit Sunat

Last updated 27 days ago

Protection on Punch is flexible — you are not forced to set both a stop-loss and a target every time. If you only want downside protection without a profit target, that works perfectly fine.

How to Set Only a Stop-Loss

  1. Open your position and tap on Protection.

  2. Set your stop-loss price.

  3. You will see the target option available as well — simply toggle it off.

  4. Confirm your protection.

Your position will now carry only a stop-loss. If the price hits your SL level, the exit order will be triggered. Since there is no target set, the position will remain open on the upside until you decide to exit manually.

When Is This Useful?

  • When you want to cap your losses but ride the profits without a fixed exit point.

  • When you plan to trail your stop-loss manually as the price moves in your favour.

  • When you are unsure about a target level and prefer to decide later.