What is the Price Limit on the Groww?

A price limit allows users to set a maximum or minimum price for buying or selling a stock or mutual fund. With this feature, trades can be executed automatically when the price reaches the specified level. So let's see how to place an order with the help of the Price limit feature, which is available on the Groww platform.

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, 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.

Advantages of Price Limit Order

Here are 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.

About the Author

Saniya

I am a writer, and this sentence speaks louder than anything, I love to play with words because I have a passion for writing easy and good-quality content that reflects simplicity. Readers like content that is straightforward with simple language. My priority has always been to deliver content that connects with the reader.

View All Articles by Saniya