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 | BHELTOP | 434.60 | +0.08% | NR7 | 439.50 | 431.50 | 8.00 | 1.84% | 17.20 | 18.14 |
55.9%
|
439.50 | 431.50 | 55.8 | ▲ Bull |
| 2 | SIEMENSTOP | 3624.00 | -1.20% | NR7 | 3678.90 | 3605.60 | 73.30 | 2.02% | 110.17 | 129.37 |
43.3%
|
3678.90 | 3605.60 | 41.8 | ▼ Bear |
| 3 | LTTSTOP | 3714.60 | +0.75% | NR4 | 3785.00 | 3650.00 | 135.00 | 3.63% | 154.60 | 156.60 |
13.8%
|
3785.00 | 3650.00 | 67.9 | ▲ Bull |
| 4 | HAVELLSTOP | 1121.00 | +0.44% | — | 1138.70 | 1112.50 | 26.20 | 2.34% | 32.17 | 32.22 |
18.7%
|
1138.70 | 1112.50 | 53.2 | — Neut |
| 5 | ABBTOP | 6801.00 | -0.22% | — | 6916.00 | 6663.00 | 253.00 | 3.72% | 183.12 | 201.83 |
-25.4%
|
6916.00 | 6663.00 | 50.0 | ▼ 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.