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 | HDFCBANKTOP | 824.50 | +1.75% | NR7 | 827.70 | 820.30 | 7.40 | 0.90% | 20.34 | 16.88 |
56.2%
|
827.70 | 820.30 | 69.8 | ▲ Bull |
| 2 | KOTAKBANKTOP | 378.15 | +0.27% | NR7 | 381.15 | 376.90 | 4.25 | 1.13% | 8.88 | 8.35 |
49.1%
|
381.15 | 376.90 | 35.4 | — Neut |
| 3 | INDUSINDBKTOP | 1015.80 | +2.13% | NR4 | 1031.65 | 1013.70 | 17.95 | 1.77% | 38.49 | 33.93 |
47.1%
|
1031.65 | 1013.70 | 64.7 | ▲ Bull |
| 4 | ICICIBANKTOP | 1401.20 | +1.49% | NR4 | 1408.20 | 1389.60 | 18.60 | 1.33% | 27.93 | 25.67 |
27.5%
|
1408.20 | 1389.60 | 63.6 | ▲ Bull |
| 5 | AXISBANKTOP | 1323.70 | +1.08% | — | 1326.60 | 1303.90 | 22.70 | 1.71% | 31.40 | 29.60 |
23.3%
|
1326.60 | 1303.90 | 40.9 | — Neut |
| 6 | BANKBARODATOP | 251.00 | +4.39% | — | 254.35 | 245.35 | 9.00 | 3.59% | 5.64 | 7.77 |
-15.8%
|
254.35 | 245.35 | 26.9 | ▼ Bear |
| 7 | SBINTOP | 1036.40 | +1.92% | — | 1047.80 | 1023.50 | 24.30 | 2.35% | 16.25 | 17.05 |
-42.5%
|
1047.80 | 1023.50 | 50.3 | ▲ Bull |
| 8 | PNBTOP | 105.58 | +4.59% | — | 107.55 | 103.71 | 3.84 | 3.64% | 2.20 | 2.31 |
-66.2%
|
107.55 | 103.71 | 40.1 | ▼ 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.