Find stocks in Narrow Range contraction — the tightest candles in 4 or 7 days. NR days often precede explosive breakout moves.
Find stocks in Narrow Range contraction — the tightest candles in 4 or 7 days. Narrow range days often precede explosive breakout moves.
| # | Symbol | LTP | Chg% | Pattern | Today High | Today Low | Range | Range% | 4-Bar Avg | 7-Bar Avg | Contraction | ▲ Breakout | ▼ Breakdown | RSI | Bias |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | KOTAKBANKTOP | 381.56 | +0.00% | NR7 | 372.80 | 367.65 | 5.15 | 1.39% | 7.51 | 7.78 |
33.8%
|
372.80 | 367.65 | 50.0 | — Neut |
| 2 | PNBTOP | 113.98 | +0.00% | NR7 | 113.45 | 111.60 | 1.85 | 1.64% | 2.58 | 2.66 |
30.5%
|
113.45 | 111.60 | 56.5 | — Neut |
| 3 | HDFCBANKTOP | 808.81 | +0.00% | NR7 | 787.60 | 777.00 | 10.60 | 1.35% | 13.26 | 13.56 |
21.8%
|
787.60 | 777.00 | 50.0 | — Neut |
| 4 | SBINTOP | 1110.00 | +0.00% | NR7 | 1106.00 | 1090.05 | 15.95 | 1.45% | 18.76 | 19.07 |
16.4%
|
1106.00 | 1090.05 | 59.1 | — Neut |
| 5 | BANKBARODATOP | 276.17 | +0.00% | NR7 | 276.80 | 269.55 | 7.25 | 2.64% | 7.39 | 7.41 |
2.2%
|
276.80 | 269.55 | 50.0 | — Neut |
| 6 | AXISBANKTOP | 1368.85 | +0.00% | — | 1375.00 | 1350.00 | 25.00 | 1.83% | 20.35 | 19.83 |
-26.1%
|
1375.00 | 1350.00 | 50.0 | — Neut |
| 7 | INDUSINDBKTOP | 856.80 | +0.00% | — | 868.00 | 839.00 | 29.00 | 3.42% | 18.91 | 17.79 |
-63.0%
|
868.00 | 839.00 | 55.6 | — Neut |
| 8 | ICICIBANKTOP | 1386.85 | +0.00% | — | 1348.80 | 1324.00 | 24.80 | 1.87% | 14.07 | 12.88 |
-92.5%
|
1348.80 | 1324.00 | 50.0 | — Neut |
NR4 and NR7 are Narrow Range candlestick patterns that signal a period of low volatility — a compression that often precedes a large directional move.
Look for NR7 stocks that also have a trending bias (Bullish or Bearish). If bias is Bullish and RSI is between 40–60, a breakout above the high is a high-probability setup. Combine with volume confirmation — a breakout candle with above-average volume is ideal.
Narrow Range Strategy is a breakout-based trading strategy based on the principle that volatility contraction usually precedes volatility expansion. When a stock's daily range narrows to its smallest in 4 or 7 days, it signals a potential explosive move in either direction.
NR4 (Narrow Range of 4 Days) identifies stocks where today's high-to-low range is smaller than the previous three days' ranges. This compression signals a potential breakout. Enter long if price breaks above today's high, enter short if price breaks below today's low.
NR7 (Narrow Range of 7 Days) is a stronger version of NR4 — today's range must be the smallest of the last seven days. NR7 breakouts carry higher probability because the volatility compression is more pronounced. A bullish breakout occurs when price moves above the NR7 candle's high; a bearish breakout when price falls below the NR7 candle's low.