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 | COLPALTOP | 2110.71 | +0.00% | NR7 | 2177.80 | 2139.00 | 38.80 | 1.79% | 82.75 | 87.63 |
55.7%
|
2177.80 | 2139.00 | 50.0 | — Neut |
| 2 | NESTLEINDTOP | 1346.39 | +0.00% | NR7 | 1430.90 | 1409.10 | 21.80 | 1.53% | 30.12 | 31.05 |
29.8%
|
1430.90 | 1409.10 | 61.2 | — Neut |
| 3 | BRITANNIATOP | 5714.36 | +0.00% | — | 5753.50 | 5665.50 | 88.00 | 1.54% | 87.62 | 87.58 |
-0.5%
|
5753.50 | 5665.50 | 76.1 | — Neut |
| 4 | MARUTITOP | 13447.35 | +0.00% | — | 13253.00 | 12978.00 | 275.00 | 2.11% | 243.50 | 240.00 |
-14.6%
|
13253.00 | 12978.00 | 26.8 | — Neut |
| 5 | UBLTOP | 1502.60 | +0.00% | — | 1498.90 | 1465.00 | 33.90 | 2.30% | 29.25 | 28.73 |
-18.0%
|
1498.90 | 1465.00 | 55.9 | — Neut |
| 6 | HINDUNILVRTOP | 2292.58 | +0.00% | — | 2388.60 | 2299.00 | 89.60 | 3.85% | 70.40 | 68.27 |
-31.2%
|
2388.60 | 2299.00 | 10.2 | — Neut |
| 7 | DABURTOP | 459.36 | +0.00% | — | 462.50 | 448.10 | 14.40 | 3.19% | 10.05 | 9.57 |
-50.5%
|
462.50 | 448.10 | 50.0 | — Neut |
| 8 | ITCTOP | 308.18 | +0.00% | — | 306.65 | 301.10 | 5.55 | 1.84% | 3.71 | 3.51 |
-58.1%
|
306.65 | 301.10 | 18.3 | — Neut |
| 9 | ASIANPAINTTOP | 2543.90 | +0.00% | — | 2538.90 | 2470.70 | 68.20 | 2.74% | 40.83 | 37.78 |
-80.5%
|
2538.90 | 2470.70 | 35.0 | — Neut |
| 10 | GODREJCPTOP | 1117.57 | +0.00% | — | 1148.00 | 1083.95 | 64.05 | 5.88% | 35.10 | 31.88 |
-100.9%
|
1148.00 | 1083.95 | 45.1 | — 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.