In stock trading, protecting your capital is just as important as making profits. That’s where stop-loss orders come in — and if you’re using the Groww App, you’re in luck. Groww makes placing a stop-loss order quick and beginner-friendly.
In this complete guide, you’ll learn everything from the basics of stop-loss to setting them up step-by-step on the Groww app for both delivery and intraday trades.
📌 What Is a Stop‑Loss Order?
A stop-loss is a type of order that automatically sells your stock when the price falls to a certain level — known as the trigger price. It limits your loss if the stock price moves against your position.
Key Concepts:
- Trigger Price: The price at which the stop-loss is activated.
- Limit Price (optional): The lowest price you’re willing to sell at once the stop-loss is triggered.
- Types of SL Orders:
- SL (Limit): Triggers and places a limit order.
- SL-M (Market): Triggers and executes at market price.
✅ Why Should You Use Stop‑Loss Orders?
Using stop-loss orders in Groww ensures:
- Capital Protection: Limits potential loss.
- Emotion Control: Reduces impulsive decisions in volatile markets.
- Automation: No need to monitor the market constantly.
It’s ideal for:
- Intraday trading
- Delivery trades
- Beginners learning risk management
🛠️ Prerequisites Before You Begin
Before setting a stop-loss in Groww, make sure:
- You have an active Groww account with stock holdings or open intraday positions.
- You’ve updated the Groww mobile app or using the latest web version.
- You understand the basic types of SL orders.
🧭 How To Set Stop Loss In Groww For Delivery Orders
Here’s how to place a stop-loss for stocks you’ve already purchased in your portfolio:
Step-by-Step:
- Open the Groww App
- Tap on ‘Stocks’ → ‘Holdings’
- Select the stock you want to sell
- Tap ‘Sell’
- In the order window, expand ‘Advanced Options’
- Choose SL or SL-M
- Enter:
- Quantity
- Trigger Price
- (Optional) Limit Price
- Confirm and place the order
✅ Note: The stop-loss will only be valid for the day and expires after market hours.
⚡ Setting Stop Loss In Groww For Intraday Trades
For intraday orders (buying and selling on the same day):
Steps:
- While placing an intraday order, click on Advanced Options
- Choose SL or SL-M order type
- Enter your trigger price and quantity
- Review and place the order
🎯 Tip: Always set the SL slightly below support (for long positions) or above resistance (for short positions).
📊 SL-Market vs SL-Limit in Groww
| Type | What It Does | Best Used When |
|---|---|---|
| SL-M | Triggers and executes at current market price | You want fast execution |
| SL-Limit | Triggers and places a limit order (at your price) | You want price control |
Example:
If you bought a stock at ₹300:
- You can place an SL order with:
- Trigger Price: ₹285
- Limit Price: ₹283
- This means if it hits ₹285, a sell order is placed at ₹283.
🔁 Can You Set a Trailing Stop‑Loss in Groww?
As of now, Groww does not support trailing stop-loss natively. However, you can manually adjust your SL orders as the price moves in your favor.
What is a trailing SL?
- It adjusts the trigger price automatically as the stock price increases.
- Great for locking in profits while allowing upside.
✏️ How To Modify or Cancel a Stop Loss Order
If your stop-loss order hasn’t been triggered yet, you can:
- Go to ‘Orders’ or ‘Positions’
- Tap on the pending SL order
- Choose ‘Modify’ to update trigger or limit price
- Or choose ‘Cancel’ to remove the order
⚠️ Common Mistakes To Avoid
- Too Tight SL: May trigger on normal market fluctuation.
- Forgetting Daily Expiry: SL orders expire daily; they don’t carry over.
- No SL for Intraday: High-risk without SL in short-term trades.
- Misunderstanding SL-M vs SL: SL-M executes at market, SL needs limit.
❓ FAQs – People Also Ask
Q1. Can I set stop-loss in Groww?
Yes. While placing a buy/sell order, tap Advanced Options and choose SL or SL-M.
Q2. Can I place SL for both intraday and delivery?
Yes. Groww supports SL orders for both order types.
Q3. Will the SL order execute exactly at trigger price?
No. It activates at the trigger price, then executes at market or limit price, depending on your order type.
Q4. Can I place trailing stop-loss in Groww?
Not currently. You’ll need to manually update SL as prices change.
🧠 Pro Tips For Beginners
- Always review the order type before confirming.
- SL-Limit may fail if market price gaps down and skips your limit.
- Use SL even in delivery trades if you’re managing risk actively.
- Practice with small quantities until confident.
🧾 Conclusion
Learning to place a stop-loss on Groww is one of the smartest moves you can make as a trader or investor. It’s simple, automated, and essential for risk management. Whether you’re trading intraday or holding for the long term, Groww gives you the tools you need to protect your capital.
Ready to try it? Start by placing a stop-loss in a demo or low-risk trade and see the difference it makes in your confidence and portfolio safety.
