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 | VEDLTOP | 268.50 | +0.30% | NR7 | 271.25 | 268.10 | 3.15 | 1.17% | 6.21 | 5.52 |
42.9%
|
271.25 | 268.10 | 36.8 | ▼ Bear |
| 2 | NATIONALUMTOP | 361.75 | -0.86% | NR7 | 357.35 | 351.00 | 6.35 | 1.79% | 10.95 | 10.25 |
38.0%
|
357.35 | 351.00 | 54.6 | — Neut |
| 3 | HINDALCOTOP | 963.25 | -1.13% | NR7 | 971.70 | 956.45 | 15.25 | 1.58% | 18.52 | 21.59 |
29.4%
|
971.70 | 956.45 | 45.6 | ▼ Bear |
| 4 | JSWSTEELTOP | 1243.50 | -0.34% | NR4 | 1240.10 | 1220.40 | 19.70 | 1.59% | 28.02 | 25.05 |
21.4%
|
1240.10 | 1220.40 | 52.1 | ▼ Bear |
| 5 | SAILTOP | 167.15 | +0.42% | NR4 | 167.64 | 163.71 | 3.93 | 2.35% | 4.86 | 4.54 |
13.4%
|
167.64 | 163.71 | 45.7 | ▼ Bear |
| 6 | ADANIENTTOP | 3193.10 | +0.13% | — | 3195.00 | 3115.20 | 79.80 | 2.51% | 99.70 | 95.77 |
16.7%
|
3195.00 | 3115.20 | 64.7 | ▲ Bull |
| 7 | BHARATFORGTOP | 2137.30 | +0.83% | — | 2153.00 | 2096.30 | 56.70 | 2.64% | 55.20 | 51.38 |
-10.4%
|
2153.00 | 2096.30 | 45.1 | ▲ Bull |
| 8 | TATASTEELTOP | 187.76 | -0.27% | — | 189.27 | 185.40 | 3.87 | 2.07% | 3.34 | 3.25 |
-19.1%
|
189.27 | 185.40 | 40.3 | ▼ Bear |
| 9 | JINDALSTELTOP | 1042.20 | +0.20% | — | 1044.30 | 1010.10 | 34.20 | 3.32% | 24.70 | 23.53 |
-45.3%
|
1044.30 | 1010.10 | 40.2 | ▼ 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.