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 | GUJGASLTDTOP | 327.05 | -1.61% | NR7 | 272.90 | 266.40 | 6.50 | 2.43% | 12.82 | 16.06 |
59.5%
|
272.90 | 266.40 | 43.4 | — Neut |
| 2 | GAILTOP | 172.10 | -0.23% | NR7 | 173.59 | 172.06 | 1.53 | 0.89% | 2.29 | 2.60 |
41.2%
|
173.59 | 172.06 | 34.0 | — Neut |
| 3 | MGLTOP | 1137.20 | +0.82% | — | 1153.70 | 1130.00 | 23.70 | 2.08% | 34.40 | 30.32 |
21.8%
|
1153.70 | 1130.00 | 55.6 | ▲ Bull |
| 4 | IGLTOP | 150.34 | -1.51% | — | 153.69 | 150.20 | 3.49 | 2.32% | 4.46 | 4.46 |
21.7%
|
153.69 | 150.20 | 46.8 | ▼ 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.