The difference arises because the trigger price only activates the order, but the final execution price depends on market conditions. Here's why:
1. Order Placement
- When the trigger price is reached, your buy/sell order is sent to the exchange.
- The actual execution price is determined by market conditions and available buyers or sellers at that time.
2. Market Protection Mechanism
- Groww sets a limit price for orders triggered through OCO to prevent excessive price deviations.
- Example: If your Sell SL trigger price is ₹100, Groww might set a limit price at ₹90 (10% below the trigger) to ensure the order does not execute below ₹90.
- This mechanism protects you from unfavorable price gaps during execution.