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 | 248.30 | +0.89% | NR7 | 249.50 | 245.35 | 4.15 | 1.69% | 6.56 | 7.61 |
45.5%
|
249.50 | 245.35 | 38.5 | ▼ Bear |
| 2 | ADANIENTTOP | 2692.00 | -0.30% | NR4 | 2715.60 | 2671.20 | 44.40 | 1.65% | 55.83 | 81.67 |
45.6%
|
2715.60 | 2671.20 | 39.3 | ▼ Bear |
| 3 | SAILTOP | 171.00 | +0.03% | — | 172.50 | 168.50 | 4.00 | 2.34% | 5.01 | 6.34 |
36.9%
|
172.50 | 168.50 | 30.2 | ▼ Bear |
| 4 | TATASTEELTOP | 174.99 | -0.29% | — | 178.20 | 174.86 | 3.34 | 1.90% | 3.79 | 4.20 |
20.5%
|
178.20 | 174.86 | 29.6 | ▼ Bear |
| 5 | JINDALSTELTOP | 1039.00 | -0.59% | — | 1053.90 | 1028.20 | 25.70 | 2.46% | 25.15 | 31.23 |
17.7%
|
1053.90 | 1028.20 | 24.4 | ▼ Bear |
| 6 | HINDALCOTOP | 908.50 | +0.06% | — | 911.85 | 892.30 | 19.55 | 2.15% | 26.01 | 23.70 |
17.5%
|
911.85 | 892.30 | 33.8 | ▼ Bear |
| 7 | BHARATFORGTOP | 1835.00 | -0.94% | — | 1865.00 | 1825.00 | 40.00 | 2.18% | 37.08 | 42.98 |
6.9%
|
1865.00 | 1825.00 | 29.5 | ▼ Bear |
| 8 | NATIONALUMTOP | 322.50 | -0.54% | — | 326.95 | 317.50 | 9.45 | 2.91% | 8.72 | 8.97 |
-5.4%
|
326.95 | 317.50 | 31.4 | ▼ Bear |
| 9 | JSWSTEELTOP | 1216.20 | -0.01% | — | 1230.80 | 1194.10 | 36.70 | 3.02% | 26.20 | 32.00 |
-14.7%
|
1230.80 | 1194.10 | 45.2 | ▼ 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.