Specifications Bracket Order Cover Order
Definition This is a three-in-one order since two orders are integrated with the initial order. Due to the initial order can only be paired with a stop-loss order, this is a two-legged order.
Inclusions  Initial, stop-loss, and exit orders are all part of the bracket order. Initial and stop-loss orders are included in the cover order.
Exits The machine will only square off the order in platform order if both the stop loss and goal orders are useless. It simply depends on the stop-loss order in a cover order.

Conclusion

Cover Order is a simple order with stop-loss to offer extra leverage from the brokerage firm to the customer as risk is less than the regular order.

This is all from our side regarding How to Place cover order in zerodha? Let us know your views about what is cover in zerodha in the comment section.

Is Zerodha Safe?
Is Zerodha Safe?

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FAQ About cover order zerodha

how to place cover order in zerodha mobile app?

You can click on the stock name in the watch list on buy or sell to place a cover order.

Cover order charges in Zerodha?

Cover Order changes are the same as Intraday charges INR 20 per order.

How to exit cover order in zerodha?

You can simply click on three dots which are next to your positions to exit the open orders.

How to modify cover order in Zerodha?

You can click on the order and modify the stop loss within a range.

Zerodha Cover order not working?

This might happen due to market volatility or technical error.