Cover Order (CO) is a special order with two parts:

First order: A buy or sell order (at market price or a set price).  

Second order: A stop-loss order to limit losses if the price moves against you.

Once the first order is executed, the stop-loss order is set automatically and cannot be canceled. You can adjust the stop-loss up to the Last Traded Price (LTP) if the market moves in your favor.

It’s a simple way to trade with built-in protection.

1. Login to your account

2. Click on the scrip