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 | 7479.00 | +0.66% | NR7 | 7481.50 | 7393.00 | 88.50 | 1.18% | 169.00 | 157.42 |
43.8%
|
7481.50 | 7393.00 | 58.5 | — Neut |
| 2 | HAVELLSTOP | 1278.00 | -0.70% | NR4 | 1289.70 | 1267.60 | 22.10 | 1.73% | 32.95 | 28.07 |
21.3%
|
1289.70 | 1267.60 | 56.9 | ▲ Bull |
| 3 | SIEMENSTOP | 3880.00 | -0.48% | — | 3954.80 | 3880.00 | 74.80 | 1.93% | 79.25 | 82.70 |
9.6%
|
3954.80 | 3880.00 | 59.9 | ▲ Bull |
| 4 | BHELTOP | 413.50 | -1.50% | — | 423.75 | 412.40 | 11.35 | 2.74% | 12.28 | 12.42 |
8.6%
|
423.75 | 412.40 | 54.2 | — Neut |
| 5 | LTTSTOP | 3582.50 | +1.17% | — | 3663.90 | 3570.00 | 93.90 | 2.62% | 98.70 | 97.18 |
3.4%
|
3663.90 | 3570.00 | 51.8 | ▲ 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.