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 | BAJAJFINSVTOP | 2016.00 | +0.20% | NR7 | 2030.10 | 2013.00 | 17.10 | 0.85% | 26.70 | 26.73 |
36.0%
|
2030.10 | 2013.00 | 47.3 | ▲ Bull |
| 2 | MANAPPURAMTOP | 349.25 | +2.72% | — | 351.60 | 345.00 | 6.60 | 1.89% | 8.25 | 10.34 |
36.2%
|
351.60 | 345.00 | 33.3 | — Neut |
| 3 | MFSLTOP | 1575.00 | +1.87% | — | 1585.30 | 1550.10 | 35.20 | 2.23% | 46.62 | 41.43 |
15.0%
|
1585.30 | 1550.10 | 63.2 | — Neut |
| 4 | SHRIRAMFINTOP | 1128.20 | +2.01% | — | 1135.40 | 1115.50 | 19.90 | 1.76% | 18.88 | 19.78 |
-0.6%
|
1135.40 | 1115.50 | 67.5 | ▲ Bull |
| 5 | BAJFINANCETOP | 1095.00 | +1.37% | — | 1102.30 | 1086.30 | 16.00 | 1.46% | 16.20 | 15.30 |
-4.6%
|
1102.30 | 1086.30 | 37.4 | ▲ Bull |
| 6 | CHOLAFINTOP | 1888.90 | +0.82% | — | 1907.00 | 1877.20 | 29.80 | 1.58% | 24.27 | 26.47 |
-12.6%
|
1907.00 | 1877.20 | 55.7 | ▲ Bull |
| 7 | MCXTOP | 3126.00 | +5.15% | — | 3133.20 | 3006.00 | 127.20 | 4.07% | 101.18 | 101.20 |
-25.7%
|
3133.20 | 3006.00 | 72.8 | ▲ Bull |
| 8 | ABCAPITALTOP | 409.00 | +3.28% | — | 410.20 | 398.85 | 11.35 | 2.78% | 7.60 | 7.75 |
-46.5%
|
410.20 | 398.85 | 52.8 | ▲ Bull |
| 9 | M&MFINTOP | 382.45 | -1.84% | — | 397.50 | 379.55 | 17.95 | 4.69% | 10.43 | 11.95 |
-50.2%
|
397.50 | 379.55 | 48.3 | — Neut |
| 10 | LTFTOP | 314.75 | -0.21% | — | 327.00 | 312.75 | 14.25 | 4.52% | 10.59 | 9.25 |
-54.1%
|
327.00 | 312.75 | 52.6 | ▲ Bull |
| 11 | SBICARD | 647.05 | +3.75% | — | 654.35 | 626.75 | 27.60 | 4.27% | 19.02 | 17.34 |
-59.2%
|
654.35 | 626.75 | 45.1 | ▲ Bull |
| 12 | HDFCAMC | 2624.00 | +2.83% | — | 2624.00 | 2553.00 | 71.00 | 2.71% | 50.65 | 44.18 |
-60.7%
|
2624.00 | 2553.00 | 51.2 | — Neut |
| 13 | MUTHOOTFIN | 2970.00 | +3.88% | — | 2997.80 | 2905.40 | 92.40 | 3.11% | 56.88 | 54.90 |
-68.3%
|
2997.80 | 2905.40 | 37.0 | — Neut |
| 14 | RECLTD | 328.10 | -2.64% | — | 338.60 | 327.50 | 11.10 | 3.38% | 6.19 | 6.35 |
-74.8%
|
338.60 | 327.50 | 18.6 | ▼ Bear |
| 15 | LICHSGFIN | 508.05 | +2.22% | — | 511.45 | 498.20 | 13.25 | 2.61% | 4.59 | 5.91 |
-124.2%
|
511.45 | 498.20 | 36.1 | ▼ Bear |
| 16 | PFC | 363.80 | -2.84% | — | 375.10 | 363.20 | 11.90 | 3.27% | 4.47 | 4.87 |
-144.4%
|
375.10 | 363.20 | 6.5 | ▼ Bear |
| 17 | CANFINHOME | 846.00 | +3.47% | — | 852.00 | 816.80 | 35.20 | 4.18% | 12.53 | 11.79 |
-198.6%
|
852.00 | 816.80 | 62.9 | — 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.