How can I place a cover order in Angel One?

By PriyaSahu

To place a cover order in Angel One, open the app or website, select your stock, choose 'Buy' or 'Sell', then select 'Cover Order'. Enter quantity, limit price, and stop-loss price. Review and confirm. Your order has a main order with a compulsory stop-loss, giving you higher control and safety during fast markets.



How to Place a Cover Order in Angel One?

1. Launch the Angel One app or log in on the website.
2. Search and select the stock you want.
3. Choose 'Buy' or 'Sell'.
4. Select 'Cover Order' option.
5. Enter quantity and limit price (main price).
6. Enter stop-loss price (mandatory).
7. Review all details.
8. Tap 'Confirm' to place the cover order.



What Is a Cover Order?

A cover order combines a main order (buy/sell) with a mandatory stop-loss order. This means your trade is accompanied by a safety net. If the price moves against you, the stop-loss limits your loss. It’s useful in fast markets and adds discipline to trading.



Why Use a Cover Order?

• Limits risk with built-in stop-loss.
• Higher leverage allowed by broker.
• Ideal in volatile markets.
• Emotions stay in check—you predefine exit points.
It’s a smart choice for traders wanting controlled exposure and protection.



What Is the Difference Between Cover and Regular Orders?

In regular orders you only place a buy or sell at your price. No stop-loss is attached. In cover orders, you must add a stop-loss. This reduces risk but may limit potential profit if stock hits the stop-loss sooner. Cover order = more safety.



Are There Any Charges on Cover Orders?

You pay regular brokerage, exchange, and taxes. There's no extra fee for placing a cover order. However, leverage used carries margin charges. Always check net cost with Angel One before trading.



Can I Modify or Cancel a Cover Order?

Yes, before execution you can modify limit or stop-loss. Go to 'Orders', choose your cover order, then select 'Modify' or 'Cancel'. After execution begins, changes aren’t allowed. If stop-loss gets hit, the main order closes automatically.



What Happens When Stop-Loss Triggers?

When the stock price hits your stop-loss, the stop-loss order executes first. The main order gets cancelled automatically. This ensures you don't hold risk after stop-loss is hit. It gives you clean exit and avoids unwanted positions.



Is Cover Order Allowed in Intraday Only?

Yes, cover orders are meant for intraday trading only. You must close the position on the same day. If not, Angel One may auto-square off your position near market close to avoid overnight risk.



Who Should Use Cover Orders?

Cover orders are good for traders who want controlled risk and use leverage. They suit people who track charts and know stop-loss levels. If you are cautious and want safety built in, cover order is right for you.



Tips to Use Cover Orders Well

• Set realistic stop-loss to avoid tight exits.
• Use proper limit price for best entry.
• Monitor trades; modify before execution.
• Keep margin in your account.
• Avoid trading on volatile news days without planning.
These tips help make your cover trades safer and efficient.



Contact Angel One Support at 7748000080 or 7771000860 for help on cover orders, trading, or account questions.

© 2025 by Priya Sahu. All Rights Reserved.

PriyaSahu