SL Order on WebNotes

How to place an SL order on Kite

Tue, 12 May 2026 00:00:00 +0000

An SL (Stop-Loss) order on Zerodha Kite is a conditional limit order that sits dormant until the market price crosses a user-defined trigger price, at which point it releases a limit order to the exchange. It is distinct from an SL-M order in that the execution is bounded by a limit price rather than filled at the market price. This makes the SL order more price-controlled but introduces the risk of non-execution if the market gaps through the limit price. This guide explains the procedure for placing an SL order and the logic behind the two price fields.

SL (Stop Loss limit) order on Kite

Mon, 11 May 2026 00:00:00 +0000

An SL (Stop Loss limit) order is a conditional order type that becomes active only when a user-defined trigger price is reached. Once triggered, it enters the exchange order book as a standard limit order at a separately specified limit price. On Kite , Zerodha’s trading platform, this order type is selected by choosing “SL” from the order type dropdown, after which two price fields appear: the trigger price and the limit price.

Trigger price vs limit price on Kite

Mon, 11 May 2026 00:00:00 +0000

On Kite , Zerodha’s trading platform, a trigger price and a limit price are two distinct price parameters that appear together in the order form when placing an SL (Stop Loss limit) order. Confusing these two parameters is among the most common errors made by new Kite users, and the consequences, a stop-loss that fails to execute or executes at an unintended price, can be materially harmful.

This article explains what each parameter means, how they interact, and the practical rules for setting them correctly across different scenarios.