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 | 1893.30 | +2.07% | — | 1890.80 | 1841.50 | 49.30 | 2.66% | 43.65 | 47.88 |
-3.0%
|
1890.80 | 1841.50 | 69.5 | ▲ Bull |
| 2 | M&MFINTOP | 336.00 | +1.31% | — | 335.60 | 323.85 | 11.75 | 3.54% | 11.20 | 10.39 |
-13.1%
|
335.60 | 323.85 | 74.4 | ▲ Bull |
| 3 | BAJFINANCETOP | 1004.00 | -0.63% | — | 1034.70 | 1004.10 | 30.60 | 3.03% | 24.75 | 26.46 |
-15.6%
|
1034.70 | 1004.10 | 64.1 | ▲ Bull |
| 4 | MANAPPURAMTOP | 332.50 | -0.02% | — | 345.00 | 331.05 | 13.95 | 4.19% | 12.39 | 11.92 |
-17.0%
|
345.00 | 331.05 | 56.7 | ▲ Bull |
| 5 | CANFINHOMETOP | 914.00 | +2.43% | — | 920.50 | 885.75 | 34.75 | 3.89% | 25.57 | 29.52 |
-17.7%
|
920.50 | 885.75 | 58.2 | ▲ Bull |
| 6 | LICHSGFINTOP | 539.90 | +1.75% | — | 544.30 | 528.00 | 16.30 | 3.07% | 9.66 | 12.23 |
-33.3%
|
544.30 | 528.00 | 43.3 | — Neut |
| 7 | MCXTOP | 2787.00 | +1.64% | — | 2766.00 | 2595.00 | 171.00 | 6.24% | 129.72 | 127.17 |
-34.5%
|
2766.00 | 2595.00 | 48.2 | ▼ Bear |
| 8 | MUTHOOTFINTOP | 3059.00 | -0.79% | — | 3169.00 | 3059.60 | 109.40 | 3.55% | 80.53 | 79.15 |
-38.2%
|
3169.00 | 3059.60 | 41.9 | ▼ Bear |
| 9 | SBICARDTOP | 587.80 | +0.46% | — | 601.00 | 582.40 | 18.60 | 3.18% | 9.50 | 11.33 |
-64.2%
|
601.00 | 582.40 | 35.4 | ▼ Bear |
| 10 | RECLTDTOP | 353.00 | +1.22% | — | 358.50 | 346.50 | 12.00 | 3.44% | 7.20 | 7.17 |
-67.4%
|
358.50 | 346.50 | 44.5 | — Neut |
| 11 | PFC | 404.10 | +0.12% | — | 415.90 | 402.00 | 13.90 | 3.44% | 8.25 | 8.21 |
-69.3%
|
415.90 | 402.00 | 33.2 | ▼ Bear |
| 12 | MFSL | 1578.20 | +1.23% | — | 1609.40 | 1547.60 | 61.80 | 3.96% | 36.38 | 36.08 |
-71.3%
|
1609.40 | 1547.60 | 31.9 | ▼ Bear |
| 13 | LTF | 321.80 | +2.39% | — | 330.80 | 313.05 | 17.75 | 5.65% | 8.68 | 9.23 |
-92.3%
|
330.80 | 313.05 | 70.8 | ▲ Bull |
| 14 | HDFCAMC | 2735.00 | +2.85% | — | 2776.10 | 2645.80 | 130.30 | 4.90% | 55.05 | 63.50 |
-105.2%
|
2776.10 | 2645.80 | 50.7 | ▲ Bull |
| 15 | ABCAPITAL | 397.30 | +2.99% | — | 403.50 | 384.00 | 19.50 | 5.06% | 8.61 | 8.57 |
-127.5%
|
403.50 | 384.00 | 62.1 | ▲ Bull |
| 16 | CHOLAFIN | 1796.50 | +1.53% | — | 1851.30 | 1763.30 | 88.00 | 4.97% | 37.62 | 36.13 |
-143.6%
|
1851.30 | 1763.30 | 64.7 | ▲ Bull |
| 17 | SHRIRAMFIN | 1032.50 | +1.78% | — | 1058.00 | 1005.00 | 53.00 | 5.22% | 22.75 | 21.56 |
-145.8%
|
1058.00 | 1005.00 | 58.9 | ▲ 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.