What is Bracket Order (BO)?

Bracket order are very interesting,  in this types of order you can place buy/sell price, at limit or market rate, with a a stop-loss and a target fixed The benefits of multiple orders placed through bracket order is, it allows you to fully automate your trade. As you have already given all the information to exchange about your order, you risk get reduced and the margin offered to you by broker gets exponentially high.  Similar to other orders it is only useful if you are placing intraday trades.