It is a special order type that allows you to create triggers to place an intraday, F&O or equity delivery order. Whenever the trigger price is hit on the same day or at a future date, a limit order will be placed on the exchange as per the price set by you. These orders will be marked as ‘Scheduled’ until triggered.
Along with this, you can simultaneously place a stop-loss and target order. However, both these legs will be active only upon execution of the primary leg. Similar to the primary leg, even for these legs you can set a trigger price and specify the action to be performed when it is triggered.