What is the Price Limit on the Groww?

Price limit is a feature offered by a Groww platform and many other platforms, but here we will discuss “what is the price limit on the Groww app”. As the user sets a maximum or minimum price for the buying or selling of a mutual fund or stock. 

So with the price limits the trader can be made an automatic when the price reaches the level they want so the investor doesn’t need to watch the market again and again all the time. 

In simple terms, the price limit can help the investor control the amount they are willing to pay or want to accept for a stock. So this is different from a market order where the trader can execute the current market price, regardless of fluctuations.

How to Place a Limit Order on a Specific Price Limit in the Groww App?

Here are step-by-step instructions to place the 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, for buying the order by using the price limit feature first you need to add the fund to your demat account. In the case of a sell order, you can follow the same process for the sell order by setting the trigger price for your selling strategy.

Advantage of Price Limit Order on the Groww

Here the some advantages of Price limit orders on  Groww:

• Here this can be useful in volatile markets where the prices can fluctuate.
• This feature allows the investor to have greater control and flexibility, which helps them to manage their investment better.
• This allows the investor to control the price at which they can buy or sell security.
• This can help the investor to avoid all emotional decisions and stick with the investment strategy.

Conclusion 

In conclusion, the Price limit on groww is very important for investors who are looking for trades with precision, so setting a limit order can ensure that your trades are executed at your trigger price. This will manage the risk and avoid overpaying or underselling.