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 | 332.17 | +0.00% | — | 340.49 | 333.02 | 7.47 | 2.21% | 8.55 | 9.23 |
19.1%
|
340.49 | 333.02 | 55.9 | — Neut |
| 2 | HAVELLSTOP | 1330.90 | +0.00% | — | 1267.40 | 1233.00 | 34.40 | 2.78% | 39.62 | 41.32 |
16.7%
|
1267.40 | 1233.00 | 40.0 | — Neut |
| 3 | SIEMENSTOP | 3721.25 | +0.00% | — | 3893.60 | 3767.90 | 125.70 | 3.30% | 73.80 | 79.03 |
-59.1%
|
3893.60 | 3767.90 | 98.4 | — Neut |
| 4 | LTTSTOP | 3617.94 | +0.00% | — | 3495.00 | 3362.00 | 133.00 | 3.94% | 75.53 | 79.02 |
-68.3%
|
3495.00 | 3362.00 | 67.8 | — Neut |
| 5 | ABBTOP | 7252.73 | +0.00% | — | 7594.00 | 7304.00 | 290.00 | 3.96% | 148.38 | 137.75 |
-110.5%
|
7594.00 | 7304.00 | 100.0 | — Neut |
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.