Weekly chart is a retracement within an uptrend. The 7th MACD histogram formed ABOVE zero. Weekly ending at 26298.5. Market is bearish but strong buying support above 26000.
We have Short entry during 2nd August 2019. It is because MA9 crossed down below MA16. We triggered a Short at the open price @ 26509, and we booked profit at 7th August 2019 @ 25600. This bagged 909 points of profit!
Order Status: Short 26509 (2nd August 2019), Took Profit 25600. (Profit 909 points!)