when you clearly see you can see that there are two pin bars so we are getting the rejection continuously from the resistance zone so the buyers are in control and after that they try to push the price higher
hi friends welcome to DOinvest.net we are going to see about pin bar what is a pin bar a pin bar pattern consists of One Price bar typically a Candlestick price bar which represents sharp reversal and rejection of the price
means this is the PIN bar this is a bullish pin bar and this is a bearish pin bar so here the bare surface Bears try to push the price down but Bulls are very strong so they try to push the price up so there is a rejection of the price going down
so we got a sharp reversal here so we got a bullish pin bar here the pin bar reversal as it's sometimes called and is defined by a long tail the tail is also referred to as Shadow or the wick
here in this green candle we can see that this is the body of the candle and this is the this is called the tail or Wick or shadow of the candle the area between
the open and close of the pin bar is called real body the open and close of the candle is called the real body and this green area this is called the real small bodies comparison to the long
tails so here for the pin bar the Tails will be long tails will be long compared to the body of the candle now next we
can see what are the two different types of pin bars and how can we trade using the pin bar
what are the two types of pin bar they are bullish pin Bar And the bearish pin bar so bullish pin bar shows the rejection of the lower prices this is how the bullish pin barbell looks like okay the color doesn't matter it can be red or green in color
the lower Beaker of the pin bar candle shows the Bears were in control earlier but was eventually overcome by the Bulls here this candle you can see that here
this is the wick of the candle and this is a body of the candle the lower big
the lower Wick shows the Bears are in control earlier but what happened the Bears try to push the price down what happens is Bulls took the control and they moved the price up so this is the bullish pin bar next we can see
what is bearish pin bar
shows the rejection of the higher prices so this is how the bearish pin bar will looks like okay this is the weak and this is the
body of the candle the upper which shows the boots were in control earlier this
is the upper week the upper week shows
that Bulls were in control earlier means
the Bulls tried to push the price up but
what happened after that beers took the
control and moved the price down
okay
pin bar at the support and the
resistance level when trading a pin bar
counter to or against dominant Trend
it's wisely accepted that a Trader
should know the key support and the
resistance level when we see a pin bar
at the support level that is the place
where we have to buy and when we see the
pin bar at the resistance level all the
Traders should know that is a signal for
selling the key levels add extra
weightage to the pin bar so we should
know the support and the resistance
level when we are trading with the pin
bar anytime you see a point in the
market where price initiated a
significant move either up or down we
have to watch it very carefully
when you see here the prices
falling right and here we have the major
support
this is the major support Zone you can
see here
right and at the support Zone we got the
pin bar this green candle is called the
pin bar means Bulls beers are in control
they are trying to push the price down
continuously down at some point here
also we got one green candle the pin bar
we got okay this green candle so what
happened viewers are trying to push the
price down so Bulls came in Bulls came
there and they took the control
this took the control and tried to push
the price up so how to trade with the
pin bar so in order to know that we have
to know the support and the resistance
zone so here here we have the major
support sort so the price is
continuously falling so every one word
they will do they will try to sell so as
a professional Trader what we have to do
when we get the pin bar at the support
Zone there is the place we have we have
to look for buy so where we have to buy
is exactly above the
above the pin bar we have to look for
buy entry here so this is the place
where we have to buy look for Buy
Star Plus again remains a low of this
pin bar candle
low of the green candle
okay the time frame you can choose any
time frame according to the which type
of Trader you are here this is Nifty
chart one hour time frame okay
next we can see the pin bar at the
resistance Zone when you see here the
price is in uptrend means price is
moving up so in order to look for
selling opportunity we have to look for
the pill bar at the resistance zone so
here the price reached to the major
resistance Zone this is this Zone okay
so when you see
when you see here we got the
bearish pin bar so we have to look for
selling below the Zone below this uh low
of the uh red candle
when you clearly see you can see that
there are two pin bars so we are getting
the rejection continuously from the
resistance zone so the buyers are in
control and after that they try to push
the price higher and higher so Bears
took the control here and they try to
push the price down so always you can
look for selling opportunity below the
low of this red candle red and the green
candle because we got two Thin bars here
bearish pin bar so one can enter into
the short rate below the low low of the
candle and stop loss is high of the pin
bar
here is the Stop Plus
this is the stop loss
okay so this is the five minutes time
frame chart Tata Motors
this is the Reliance one hour time frame
chart so if you want to trade with the
pin bar the better time frame you can go
is one hour four hour and daily time
frame chart here when you see that the
prices
falling okay at the support Zone we can
see that we got the pin bar this green
candle so where we have to buy is above
this green candle we can look for buying
stop loss is low of this green candle
here this is a support Zone what happens
the prices continuously like console
dating here
the supports our price was in
consolidation zone for longer time
period what happens the sellers are
trying to push the price down buyers
took the control here and they try to
push the price up
they try to push the price up and from
here you can see that the price moved up
we got a continuous rally upside
right the major points you have to
consider when you are trading with the
pin bar pin bars basically show a
reversal in the market so they are very
good tool for predicting the near term
sometimes long term to direction of the
market also they often Mark the major
tops of Bottoms in the market not every
pin bar is going to be one worth trading
the best ones occur in the strong Trend
after the retrace to the support or
resistance within the trend or form a
key chart level of the support or the
resistance as a beginner keep your eyes
peeled for your daily time frame chart
pin bars at 4 hours of
one hour time frame as they seem to be
most accurated profitable this is the
Bajaj Finance one hour time frame chart
so when you see here the price is in a
downtrend that is the sellers are in
control bears are in control and at some
point of time at the support Zone we got
the bullish pin bar here along with the
bullish pin bar we got the doji also so
here pull pin bar plus inside bar so we
got the two Candlestick patterns this is
a very potent price action trading okay
so where we have to go along is above
this green candle is a place we can go
for long entry
okay above this green candle is an entry
for us to enter into the long trade stop
loss is a low of the green candle
so here we got two Candlestick pattern
one is how to trade with the inside bar
and also the pin bar so we got double
confirmation for us to enter into the
long trade
all right
so we got a nice up move after the pin
bar
this is the htfc bank 15 minutes time
frame chart here the prices
in a downtrend
and at the support Zone we got the
bullish pin bar means buyers took the
control here they didn't allow the price
to move further down so we can see from
here how the price is moving whether
price is coming below the pin bar or
price is going above the pin bar
so one can enter into the long trade
above this green candle okay stop loss
will be low of the green candle so the
price is moving above the pin bar so one
can enter into the long trade and you
can book the profits according to your
risk reward ratio
the prices
continuously moving
in an uptrend
okay
so we got a very nice trade after we
enter into the bullish pin bar
