What is the Price Limit on the Groww?

If you’ve ever tried buying a stock on Groww and felt confused about all those fancy terms like “limit order” or “market order,” don’t worry, you’re not alone. Most people just click “Buy” and hope for the best. But that’s like going to a shopping mall and shouting, “I’ll buy this t-shirt no matter what it costs!” That’s where the price limit comes in. It’s like bargaining with the stock market, you tell it, “I’ll buy this stock, but only at my price.” So here we will know what is the price limit on the Groww.

What is a Price Limit?

A price limit is when you tell the stock market, “I’ll buy or sell this stock, but only at my price or better, not yours.” Think of it like shopping in a sabzi mandi (vegetable market). The vendor says, “Tomatoes are ₹50 per kg.” You say, “I’ll take them only if you give them for ₹40.”Here, ₹40 is your price limit; you’re not willing to pay more than that.

Now replace tomatoes with shares of Reliance, HDFC, or Zomato. That’s exactly how a limit order works in the stock market. You’re bargaining, just like in real life, except you do it through an app like Groww.

For example, let’s say you want to buy HDFC Bank shares.

Current Market Price: ₹1,700
But you only want to buy if it drops to ₹1,650
You place a buy limit order at ₹1,650

What Happens Next?

If HDFC Bank falls to ₹1,650 or below, your order gets executed.
If it stays above ₹1,650, nothing happens. You’re not forced to buy.

This saves your money and avoids buying at a price you don’t like.

When Should You Use a Price Limit?

When the market is too volatile.
When you think a stock is overpriced.
When you want to set and forget (not stare at the screen all day).
When you’re a long-term investor and okay with waiting.

Steps to Place a Limit Order on Groww

Here are step-by-step instructions to place a limit order on a specific price limit in the Groww platform:

1. Open the Groww app.

2. Click on search and select your preferred stock for the investment.

3. And then tap on the Buy button.

4. Now you can see the Price limit feature, here you can trigger the price limit set the quantity, and then tap on the buy button.

5. Tap on the buy button.

6. And then tap on the Done button as your order is placed.

7. Now you can watch your price limit order under the order section.

But remember, to place a buy order using the price limit feature, you first need to add funds to your demat account. For a sell order, you can follow a similar process by setting a trigger price according to your selling strategy.

Advantages of Price Limit Orders on Groww

Price limit orders aren’t just a feature; they’re a powerful tool for smarter investing, especially in a fast-moving market. Here’s how they help:

More Control Over Your Trades: You decide the exact price at which you're willing to buy or sell. No surprises, no sudden jumps.
Works Well in Volatile Markets: When stock prices move up and down quickly, a limit order protects you from buying too high or selling too low.
Reduces Emotional Trading: Helps you avoid sudden decisions forced by panic or FOMO (fear of missing out). You stick to your plan.
Supports Disciplined Investing: You can pre-set your buy/sell targets based on your research or strategy, and let the app do the rest.
Flexibility Without Constant Monitoring: Place your limit order and carry on with your day. No need to stare at the screen waiting for the right moment.

Conclusion

In conclusion, using price limits is like being a smart shopper. You tell the market, “This is my budget, take it or leave it.”Groww makes it super simple, and if you’re investing in India, knowing how to use limit orders can save you a lot of money over time. Don’t just blindly click “Buy.” Use your brain. Use price limits.

About the Author

Saniya

I'm a finance content writer with a BBA in FinTech, passionate about simplifying money matters for everyday Indians. I break down complex topics like investments, savings, and digital finance into easy, relatable content. My goal is to help you in a way that’s easy to understand, jargon-free, and actually useful in real life.

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