A bracket order lets you enter a trade and attach two exit orders at the same time: a target where you take profit and a stop loss where you cut the loss. When one exit triggers, the other is cancelled automatically. Brokers offer it mainly for intraday trading, and many pair it with a trailing stop option. Say you buy 100 shares of SBI at ₹800 with a target at ₹812 and a stop at ₹794. The trade is bracketed: at most about ₹600 lost or ₹1,200 gained, before costs. The benefit is discipline; you cannot forget the stop or move it in panic. The drawback is that a market stop can fill with slippage in fast markets, and any open bracket position is squared off by the broker before the close. Check your broker's rules and which segments allow it.