What is a Bracket Order (BO) and how to place trigger based Bracket Order?

In today’s time of volatile and ever changing dynamic markets how can a trader capture the required move of a stock and at the same time manage his Risk and book profits at required levels well answer for the question is Bracket Order. Well now you might be thinking, what is Bracket Order? What does it do? How will it benefit me? is there any leverage benefits ? Is it the right product for me? How should I use it? Let’s try to figure out those questions one by one What is Bracket Order? It is an intraday product/order type which provides enhanced protection and also can ensure that none of your profitable trades turns into a loss! Sounds great right now let’s see how it works What does Bracket Order Do? Well it’s a type of order where we can Buy/Sell any asset along with target (take profit)/exit and a stop loss, as soon as the main order is executed system will place two more orders (target and stop loss).When one of the two orders (target or stop loss) gets executed ,the other order will get cancelled automatically . How will it benefit me? In a situation where we won’t be available in front of the trading system to track the price movements because of any reason so in that case how will we manage ?let’s see for example a stock(let’s say X) is trading at Rs 100/- and as per our analysis done on previous day after market we have decided to buy X at 103 with stop loss at 99 and target of 110 next day...