Groww App: How to Set Stop Loss & Target Prices
Setting a stop loss and target is one of the smartest ways to manage your stock market risk. If you’re using the Groww App to trade, you might be wondering how to protect your investments and book profits automatically. Don’t worry-we’ve got you covered!
In this guide, you’ll learn step-by-step how to set stop loss and target in Groww App, whether you’re a beginner or experienced trader.
🔍 Stop Loss and Target in Trading
- Stop Loss is a preset price at which your position will be exited automatically if the stock goes down, preventing bigger losses.
- Target (or Take Profit) is the price at which your stock will be sold when it reaches your desired profit level.
✅ These tools help you trade with confidence and reduce emotional decisions.
📱 Can You Set Stop Loss and Target in Groww App?
Yes! Groww now allows stop loss and target setting through OCO (One Cancels the Other) orders in the intraday (MIS) segment.
🛠️ How To Set Stop Loss and Target in Groww App – Step by Step
Follow these simple steps:
Step 1: Open Groww App & Go to Stocks
- Open the Groww app on your phone.
- Tap on ‘Stocks’ at the bottom navigation.
Step 2: Choose the Stock You Want to Trade
- Search for the stock you want to buy/sell (example: TCS, HDFC Bank).
- Click on the stock name to open its details.
Step 3: Select “Intraday” Mode (MIS)
- Tap on ‘Buy’ or ‘Sell’.
- Change the order type from Delivery to Intraday (MIS).
Step 4: Enable OCO (Stop Loss + Target)
- Scroll down and enable the OCO order option.
- You’ll now see two price input fields:
- Target Price (Take Profit)
- Stop Loss Price
Step 5: Enter Your Desired Prices
- Set your Target Price (higher than current price if buying).
- Set your Stop Loss Price (lower than current price if buying).
💡 Example:
- CMP: ₹500
- Target: ₹520
- Stop Loss: ₹490
Step 6: Place the Order
- Enter Quantity.
- Review your order and tap ‘Swipe to Buy’.
- Done! Your order is placed with stop loss and target set.
📌 Important Points to Remember
- OCO orders work only in Intraday mode.
- If one of the two orders (target or stop loss) is triggered, the other gets cancelled.
- You must monitor margin requirements carefully.
🎯 Benefits of Using Stop Loss & Target in Groww
| Benefit | Description |
|---|---|
| ✅ Risk Control | Automatically exits bad trades |
| ✅ Emotion-Free Trading | Reduces panic decisions |
| ✅ Discipline | Helps stick to your plan |
| ✅ Automation | No need to monitor the market constantly |
🧠 Pro Tips for Beginners
- Always calculate risk-reward ratio (e.g., risk ₹10 to earn ₹20).
- Don’t set stop loss too close to current price-give the stock room to move.
- Avoid trading with full capital. Use small quantities when testing.
🛑 Common Mistakes to Avoid
- ❌ Forgetting to enable OCO
- ❌ Setting unrealistic targets or tight stop loss
- ❌ Using stop loss in delivery mode (not supported)
📈 Final Words
Now you know how to set stop loss and target in Groww App like a pro! Whether you’re protecting your capital or booking profits automatically, using OCO orders will take your trading game to the next level.
🔔 Pro Tip: Always double-check prices and market conditions before placing the order. A small mistake can cost big in intraday trading.
🔎 FAQs – Stop Loss and Target in Groww App
Can I use stop loss in delivery mode on Groww?
👉 No, stop loss and target setting is only available in Intraday (MIS) mode.
Can I modify the stop loss after placing the order?
👉 No. OCO orders on Groww can’t be modified after placing. Cancel and re-enter if needed.
Does Groww charge extra for OCO orders?
👉 No, standard brokerage charges apply. No additional cost for stop loss or target orders.
📢 Want to Trade Smarter?
Use stop loss and targets with every trade. It’s not just a strategy-it’s protection!
💬 Have questions or faced issues with placing stop loss on Groww? Drop them in the comments!
