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Why is my Stop-Loss (SL) order placed as an SL Limit order instead of an SL Market order?
To comply with BSE regulations, all Stop-Loss orders are placed as SL Limit orders. This ensures your order is executed within a defined price range rather than at any market price. The SL Limit price is set as per exchange rules to improve execution and reduce the risk of unfavorable execution due to sudden price changes.
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