How to Place Stop Loss Order in Groww?
A stop-loss order is a buy/sell order placed to limit losses when there is a concern that prices may move against the trade. Groww account provides simple and practical steps on how to access the stop loss feature in their account. To place a stop loss order, follow the below steps provided.
Steps to Place Stop Loss Order in Groww
| Steps | Description |
| 1 | Find and choose a stock |
| 2 | Select Quantity of Stock |
| 3 | Enter Stop Loss Amount |
| 4 | Click on Stop Loss Order |
How Do I Place a Stop Loss Order in Groww?
When you make a standard buy or sell order (Market or Limit), you can choose the SL option by selecting ‘Advanced Options’.
Select the ‘SL -Stoploss Order’ option and then enter the ‘SL trigger Price’. Your order will be performed whenever the stock’s live price reaches the tigger price.
Stop loss order in Intraday trading
Step 1: From the order menu, follow the below steps for placing the stop loss order in Intraday trading.
Step 2: Now, choose the stock for which you want to place a stop loss order.
Step 3: Enter the desired quantity in the provided field.
Step 4: Now, Enter the amount you wish to prevent the loss on the given stop loss field which is located under the “ Sell order” option.
Step 5: Click on SL( Stop loss) Order.
Stop Loss for Delivery Orders
Step 1: Click on the stock you wish to place a stop loss order.
Step 2: Now, enter the quantity and find the option SL order in the top right corner.
Step 3: Click on the “ SL” ( Stop loss ) order and process it by clicking on continue.
By carefully following the above steps, you will be able to place a stop loss order in Groww account.