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 | ABBTOP | 7248.00 | +0.26% | NR7 | 7304.00 | 7183.00 | 121.00 | 1.67% | 167.25 | 160.67 |
24.7%
|
7304.00 | 7183.00 | 59.2 | ▲ Bull |
| 2 | SIEMENSTOP | 3759.60 | +0.36% | — | 3776.10 | 3710.50 | 65.60 | 1.74% | 78.07 | 79.83 |
17.8%
|
3776.10 | 3710.50 | 54.9 | ▲ Bull |
| 3 | HAVELLSTOP | 1176.30 | -1.52% | — | 1194.40 | 1168.20 | 26.20 | 2.23% | 24.38 | 24.77 |
-5.8%
|
1194.40 | 1168.20 | 57.7 | ▼ Bear |
| 4 | LTTSTOP | 3331.20 | -2.25% | — | 3366.40 | 3275.00 | 91.40 | 2.74% | 80.53 | 82.32 |
-11.0%
|
3366.40 | 3275.00 | 47.6 | ▼ Bear |
| 5 | BHELTOP | 414.35 | +2.08% | — | 423.70 | 403.85 | 19.85 | 4.79% | 11.59 | 11.45 |
-73.4%
|
423.70 | 403.85 | 54.3 | ▲ Bull |
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.