How to Set Stoploss in Groww?

If you trade in the stock market using Groww, learning how to set a stoploss is very important. A stoploss can save your money when the stock price suddenly drops. In this blog, we’ll explain how to set stoploss in Groww in a simple way that even a beginner can understand.

What is Stoploss in Groww?

Stoploss means telling the app to automatically sell your stock if the price falls to a certain level. This saves you from losing more money.

For example,
You bought Reliance shares at ₹2,800.
The price starts falling and reaches ₹2,600.
You lose ₹200 per share.

But if you had set a stoploss at ₹2,750, the app would’ve sold it there. So your loss would be only ₹50, not ₹200. That’s what stoploss does.

Types of Stoploss Orders

There are 2 types of stoploss orders in Groww:

1. Sell Stoploss Order

Used when you already hold the stock, and want to sell it if the price falls.

For example,
You hold Reliance at ₹1,000.
You set stoploss at ₹900.
If the price drops to ₹900, Groww will sell it automatically.

2. Buy Stoploss Order (For Short Selling)

Used when you sell first (short sell) and want to buy later at a lower price.

For example,
You short-sell a stock at ₹150, expecting it to drop.
Set stoploss at ₹160 (to prevent further loss).
If the price rises to ₹160, Groww will buy it back to stop more loss.

Steps To Set Stoploss in the Groww App

Even a beginner in the share market can set the stop loss in the Groww App in simple steps :

1. Open the Groww App on the web/mobile.

2. Click on the Holdings option.

3. Choose the stock from the holding option or the stocks available below the holding options.

4. Sell and Buy options will appear on the screen under the share name.

5. Select the Sell option.

6. Now, on the next page, click on the settings icon.

7. Under the customised sell order section, choose the SL order option.

8. Now, click on continue.

9. Enter the no. of quantities to sell & set the limit for SL Trigger Price.

10. Click on the sell option

In this way, an investor can set the stop loss. But stop loss is valid for one day. Therefore, if an investor again wants to place the stop loss, then follow the same steps.

Also, Check - How to Set Safe Exit in Groww.

Common Mistakes While Setting Stoploss in Groww

Mistakes to Avoid:

Setting trigger price above the current market price: The stoploss won’t activate. It simply won’t work.
Using SL order without understanding it: Confusing for beginners. Better to start with SLM.
Not placing a stoploss in intraday trades: Can lead to sudden and big losses during market swings.
Forgetting to update stoploss when the stock price goes up: You might lose potential profits if the price falls back.

Conclusion

In conclusion, Stoploss is not an extra feature. It’s your must-have safety tool in the stock market. If you're using Groww and you’re not setting stoploss, you're driving without brakes. It doesn’t matter if you’re new or experienced, use stoploss on every trade, especially for intraday. It only takes 10 seconds to set, but it can save you thousands of rupees. So don’t hope your stock will recover. Hope is not a plan. Stoploss is.