I had ABC stock in my Holding.
I sold it.
After two days, if it shows strength again, and if I wish to buy as Holding again, in this case is there any rule that stops me buying again?
I mean, should I wait for certain number of days before I add it in my portfolio?
Can you buy the same shares the same day you sell. I sold a specific stock on icici direct and tried to buy it again the same day (for tax harvesting). The message was
“As per regulatory requirements for securities settlement, your order/action has been restricted as you already have an opposite order/position in this stock.”