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 | SBILIFETOP | 1782.00 | +0.09% | NR7 | 1792.50 | 1775.40 | 17.10 | 0.96% | 30.95 | 29.37 |
41.8%
|
1792.50 | 1775.40 | 21.3 | ▼ Bear |
| 2 | ICICIPRULITOP | 502.00 | +0.50% | NR7 | 506.35 | 499.85 | 6.50 | 1.29% | 9.89 | 9.72 |
33.1%
|
506.35 | 499.85 | 38.8 | ▼ Bear |
| 3 | HDFCLIFETOP | 542.00 | +1.06% | — | 543.20 | 536.65 | 6.55 | 1.21% | 6.40 | 6.46 |
-1.4%
|
543.20 | 536.65 | 44.9 | ▼ Bear |
| 4 | ICICIGITOP | 1625.00 | +0.58% | — | 1650.00 | 1617.00 | 33.00 | 2.03% | 19.80 | 20.82 |
-58.5%
|
1650.00 | 1617.00 | 50.3 | ▼ 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.