Yes, you can set multiple stop-loss orders on Angel One, but it depends on the order types and your available margin. Angel One offers special order types like Bracket Orders, Cover Orders, and Robo Orders, which help you place stop-loss orders effectively and manage risk.

What Are Bracket Orders and How Do They Help?

Bracket Orders let you place a main order along with a target price and a stop-loss order. Once your main order executes, both the target and stop-loss orders become active. If one triggers, the other automatically cancels. This helps you lock profits and limit losses automatically in one go, making it easier to trade without constantly monitoring.

What Are Cover Orders?

Cover Orders are designed for intraday trading. You place a main order along with a stop-loss order at the same time. The stop-loss order automatically activates once the main order is executed, helping you limit your risk on the trade.

Can I Use Robo Orders for Multiple Stop-Losses?

Robo Orders allow you to place a main order along with a stop-loss and a target order. This helps in automating your exit points. Robo Orders also support trailing stop-loss, which moves your stop-loss price as the stock price moves in your favor, protecting profits. This feature makes managing multiple stop-losses easier and more efficient.

Things to Keep in Mind When Placing Multiple Stop-Loss Orders

While you can set multiple stop-loss orders, ensure you have enough margin in your account to support these orders. Also, avoid placing conflicting stop-loss orders on the same position as it may lead to rejection. Always check your order status and available margin before placing multiple stop-loss orders to avoid issues.