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 | DABURTOP | 437.10 | +0.61% | NR7 | 442.75 | 438.40 | 4.35 | 0.99% | 11.32 | 10.94 |
60.2%
|
442.75 | 438.40 | 59.1 | ▼ Bear |
| 2 | GODREJCPTOP | 1059.80 | -0.17% | NR7 | 1079.70 | 1067.20 | 12.50 | 1.17% | 24.43 | 26.87 |
53.5%
|
1079.70 | 1067.20 | 60.5 | — Neut |
| 3 | ITCTOP | 277.00 | +0.53% | NR7 | 281.50 | 279.50 | 2.00 | 0.72% | 4.55 | 3.93 |
49.1%
|
281.50 | 279.50 | 23.4 | ▼ Bear |
| 4 | HINDUNILVRTOP | 2109.10 | -0.52% | NR7 | 2143.00 | 2120.00 | 23.00 | 1.08% | 39.35 | 39.63 |
42.0%
|
2143.00 | 2120.00 | 43.4 | ▼ Bear |
| 5 | ASIANPAINTTOP | 2672.40 | +1.19% | NR4 | 2664.40 | 2630.10 | 34.30 | 1.29% | 51.82 | 45.95 |
25.4%
|
2664.40 | 2630.10 | 47.0 | — Neut |
| 6 | COLPALTOP | 2016.60 | +0.39% | — | 2044.90 | 2020.00 | 24.90 | 1.23% | 42.58 | 45.65 |
45.5%
|
2044.90 | 2020.00 | 54.2 | ▼ Bear |
| 7 | UBLTOP | 1350.50 | +0.13% | — | 1339.00 | 1318.60 | 20.40 | 1.53% | 26.93 | 28.98 |
29.6%
|
1339.00 | 1318.60 | 51.4 | — Neut |
| 8 | BRITANNIATOP | 5332.00 | +0.92% | — | 5368.50 | 5290.50 | 78.00 | 1.46% | 100.88 | 96.92 |
19.5%
|
5368.50 | 5290.50 | 52.7 | — Neut |
| 9 | MARUTITOP | 13594.00 | +0.78% | — | 13841.00 | 13536.00 | 305.00 | 2.23% | 338.00 | 295.67 |
-3.2%
|
13841.00 | 13536.00 | 50.5 | — Neut |
| 10 | NESTLEINDTOP | 1433.00 | +0.41% | — | 1452.30 | 1420.10 | 32.20 | 2.26% | 27.60 | 26.85 |
-19.9%
|
1452.30 | 1420.10 | 58.0 | — 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.