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 | CANFINHOMETOP | 732.15 | -0.38% | NR7 | 734.95 | 724.15 | 10.80 | 1.48% | 24.62 | 21.48 |
49.7%
|
734.95 | 724.15 | 47.0 | ▼ Bear |
| 2 | BAJAJFINSVTOP | 1729.00 | -0.17% | NR7 | 1738.60 | 1704.00 | 34.60 | 2.00% | 45.83 | 43.57 |
20.6%
|
1738.60 | 1704.00 | 39.2 | ▼ Bear |
| 3 | CHOLAFINTOP | 1574.40 | -0.73% | NR4 | 1591.50 | 1562.90 | 28.60 | 1.82% | 49.48 | 46.72 |
38.8%
|
1591.50 | 1562.90 | 38.6 | ▼ Bear |
| 4 | BAJFINANCETOP | 982.10 | +1.75% | NR4 | 982.10 | 958.50 | 23.60 | 2.40% | 28.59 | 24.68 |
4.4%
|
982.10 | 958.50 | 42.4 | — Neut |
| 5 | SHRIRAMFINTOP | 939.95 | -0.41% | — | 951.20 | 927.30 | 23.90 | 2.54% | 40.00 | 36.26 |
34.1%
|
951.20 | 927.30 | 41.4 | ▼ Bear |
| 6 | RECLTDTOP | 307.80 | -0.63% | — | 312.20 | 306.45 | 5.75 | 1.87% | 7.08 | 7.15 |
19.6%
|
312.20 | 306.45 | 49.4 | — Neut |
| 7 | ABCAPITALTOP | 379.40 | -0.75% | — | 383.20 | 375.30 | 7.90 | 2.08% | 9.12 | 9.74 |
18.9%
|
383.20 | 375.30 | 42.2 | ▼ Bear |
| 8 | M&MFINTOP | 311.55 | -1.46% | — | 317.80 | 309.75 | 8.05 | 2.58% | 8.75 | 9.78 |
17.7%
|
317.80 | 309.75 | 31.7 | ▼ Bear |
| 9 | LICHSGFINTOP | 521.00 | -2.29% | — | 536.00 | 520.00 | 16.00 | 3.07% | 16.68 | 19.01 |
15.8%
|
536.00 | 520.00 | 35.7 | ▼ Bear |
| 10 | MUTHOOTFINTOP | 2598.30 | -0.07% | — | 2633.20 | 2574.20 | 59.00 | 2.27% | 49.48 | 60.80 |
3.0%
|
2633.20 | 2574.20 | 27.0 | ▼ Bear |
| 11 | MCX | 3162.00 | -1.69% | — | 3219.90 | 3122.70 | 97.20 | 3.07% | 85.12 | 97.63 |
0.4%
|
3219.90 | 3122.70 | 45.6 | — Neut |
| 12 | MFSL | 1294.90 | +1.40% | — | 1305.00 | 1263.30 | 41.70 | 3.22% | 40.75 | 39.93 |
-4.4%
|
1305.00 | 1263.30 | 22.8 | ▼ Bear |
| 13 | HDFCAMC | 2398.60 | -0.68% | — | 2458.70 | 2378.00 | 80.70 | 3.36% | 78.15 | 75.53 |
-6.8%
|
2458.70 | 2378.00 | 53.8 | — Neut |
| 14 | MANAPPURAM | 323.95 | +0.17% | — | 327.60 | 318.35 | 9.25 | 2.86% | 8.09 | 8.03 |
-15.2%
|
327.60 | 318.35 | 56.5 | — Neut |
| 15 | SBICARD | 564.20 | -1.57% | — | 575.85 | 561.25 | 14.60 | 2.59% | 12.26 | 12.30 |
-18.7%
|
575.85 | 561.25 | 39.1 | ▼ Bear |
| 16 | PFC | 333.25 | -2.64% | — | 345.55 | 333.25 | 12.30 | 3.69% | 8.90 | 8.50 |
-44.7%
|
345.55 | 333.25 | 52.1 | ▼ Bear |
| 17 | LTF | 252.15 | -0.67% | — | 264.00 | 246.50 | 17.50 | 6.89% | 7.04 | 6.99 |
-150.4%
|
264.00 | 246.50 | 25.1 | ▼ Bear |
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.