A conditional limit , also called a Stop Loss (SL) order, is an order that gets at the limit price you’ve set once the gets hit. A conditional limit order becomes a limit order once the current market price hits the trigger price. 

For example, say you’re placing a Conditional Limit Order to buy a stock, with a trigger price of ₹105, and a limit price of ₹107. If the is currently trading in the market at ₹100, then when the price hits ₹105 your order will be triggered at a price set or better.

Note: Ensure that the trigger price is less than the limit price for a buy order and vice-versa for a sell order.