Bullish Pin Bar candlestick pattern chart

A bullish pin bar is a candlestick pattern that indicates rejection of lower prices and a possible upward reversal. It usually has a small body near the top of the candle and a long lower wick (tail), showing that sellers pushed the price down, but buyers stepped in strongly and drove the price back up before the candle closed. It is considered more reliable when it appears at an important support level, demand zone, previous low, or after a downtrend. For example, if a stock falls to ₹100, trades as low as ₹95, but buyers push it back and it closes near ₹100–101, the long lower wick shows rejection of ₹95 and can signal bullish momentum. Confirmation is important—many traders look for the next candle to break above the pin bar's high before considering a long entry, with the stop-loss often placed below the pin bar's low.