Hey @SASIDHARAN BALAKRISHNAN20, You can do this using bracket orders. These orders are also known as OCO meaning One Cancels Other. So, if your target is hit, then your SL will get automatically canceled and vice versa.
Can any one help me, while doing option trading how can place a limit order (desired price) with Target and Stoploss in a single order
Join FYERS Community to pick others' brains on Trading/Investing
What I usually do is place a separate limit order for the target and an SL Limit order for the SL. With BO and CO orders blocked (as per the exchange rules) I am not sure it can be done in a single order.