About Scanner :- Bullish Pin Bar Candlestick Scanner

What is Bullish Pin Bar Candlestick ?

This screener identifies whether the pattern is formed in an uptrend or downtrend.
Bullish Pin Bar has a long lower tail and a small body, and it appears at the end of a downward trend.

Key Points for a Bullish Pin Bar:

• Long Lower wick Shows strong rejection of lower prices.
• Small Body body is located at the upper end of the range.
• Open and Close Near the Top Indicates bulls gained control after a period of selling pressure.
• Position in a Downtrend often found at the end of a downtrend, signalling a potential reversal.

Bullish Pin Bar Trading Strategy:

• Look for a bullish pin bar after a downtrend at support levels.
• Wait for confirmation with a bullish candle or higher volume.
• Combine with other technical indicators for stronger signals.

Warning

trading pin bars against the trend on strong trending days

Target

Short term - At least height of the candle
Long term - Look at other aspects like volume spurt , recent support / Resistance levels and other technicals.

Stop Loss

Stop-loss Set below the low of the pin bar.

TSR Bullish Pin Bar Scanner

• Set Alert as it happens
• Combine Pin bar pattern with other Technicals/patterns with Fine Tune Filter Option
• Filter on Stock basket or your watchlist
• Back test to gain confidence on the Pattern.
• Filter on small ticks like 5 mins to Monthly tick
• Auto refresh

Fine Tune : You can customise these screeners by clicking on 'Fine Tune Filter' Option

Caution : All these screeners are crafted based on some historical scenarios which may / may notbe applicable here. We recommend to fine tune them according to current market conditions or seek expert advise before taking any decision.

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