The Price alert is triggered based on the daily price change % of the stocks in your portfolio or watchlist. You can choose to receive alerts if the price change is more than 5% and/or 10%.
You can also add alerts for stocks touching or nearing their 52-week high/low, as shown below.
You can also set the frequency of alerts to 15 minutes, 30 minutes, 1 hour, or a day, as shown below. The alerts will be sent to your registered email ID.