The trigger price in a stop loss order is the point at which a buy or sell stop loss order becomes active for execution on the exchange servers. When the stock's price reaches the trigger price set, the order is sent to the exchange servers.

Once the stop-loss order is triggered, the limit price becomes the price at which shares will be sold or bought.

Stop Loss (SL) orders are essentially limit orders. Therefore, the trigger price is the initial price that activates the order, and the price is the subsequent order. Let's break it down with an example:

If you are buying 10 shares of Reliance, and the current price is 2200, you set the SL  buy order trigger at 2205 and the price at 2206.

This implies that you are prepared to buy Reliance shares between 2205 and 2206. Not above 2206 and not below 2205. By doing so, you are effectively setting a band for your order. This approach helps traders manage risk in a volatile market.