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 | BANKBARODATOP | 244.50 | -0.20% | NR7 | 245.55 | 243.15 | 2.40 | 0.98% | 3.75 | 4.13 |
41.9%
|
245.55 | 243.15 | 55.2 | ▼ Bear |
| 2 | INDUSINDBKTOP | 1008.00 | -0.86% | NR7 | 1016.70 | 1007.60 | 9.10 | 0.90% | 14.53 | 15.55 |
41.5%
|
1016.70 | 1007.60 | 52.7 | — Neut |
| 3 | SBINTOP | 1048.00 | -0.06% | NR4 | 1054.80 | 1041.40 | 13.40 | 1.28% | 15.45 | 15.32 |
12.5%
|
1054.80 | 1041.40 | 57.3 | — Neut |
| 4 | PNBTOP | 118.00 | +0.44% | — | 117.59 | 116.03 | 1.56 | 1.33% | 1.94 | 2.59 |
39.8%
|
117.59 | 116.03 | 69.3 | ▲ Bull |
| 5 | KOTAKBANKTOP | 397.35 | +1.82% | — | 393.10 | 386.75 | 6.35 | 1.63% | 5.24 | 5.38 |
-18.0%
|
393.10 | 386.75 | 51.1 | ▲ Bull |
| 6 | AXISBANKTOP | 1251.00 | +1.30% | — | 1245.00 | 1224.00 | 21.00 | 1.70% | 16.95 | 17.23 |
-21.9%
|
1245.00 | 1224.00 | 52.0 | — Neut |
| 7 | ICICIBANKTOP | 1411.90 | +0.71% | — | 1416.00 | 1391.50 | 24.50 | 1.75% | 16.58 | 17.42 |
-40.6%
|
1416.00 | 1391.50 | 39.0 | — Neut |
| 8 | HDFCBANKTOP | 725.05 | +0.70% | — | 725.40 | 715.10 | 10.30 | 1.43% | 6.05 | 6.19 |
-66.4%
|
725.40 | 715.10 | 17.1 | ▼ Bear |
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.