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 | JSWSTEELTOP | 1287.70 | -0.48% | NR7 | 1297.00 | 1284.10 | 12.90 | 1.00% | 25.07 | 28.70 |
55.1%
|
1297.00 | 1284.10 | 46.1 | ▲ Bull |
| 2 | VEDLTOP | 300.80 | -1.70% | NR7 | 304.90 | 299.50 | 5.40 | 1.80% | 10.97 | 11.90 |
54.6%
|
304.90 | 299.50 | 25.5 | ▼ Bear |
| 3 | ADANIENTTOP | 3038.40 | +0.83% | — | 3051.90 | 3009.10 | 42.80 | 1.41% | 65.08 | 69.62 |
38.5%
|
3051.90 | 3009.10 | 62.6 | ▲ Bull |
| 4 | TATASTEELTOP | 198.96 | -0.78% | — | 199.36 | 196.50 | 2.86 | 1.44% | 3.72 | 3.86 |
25.9%
|
199.36 | 196.50 | 26.0 | ▼ Bear |
| 5 | BHARATFORGTOP | 2041.40 | +1.06% | — | 2059.50 | 2019.90 | 39.60 | 1.94% | 49.20 | 50.58 |
21.7%
|
2059.50 | 2019.90 | 69.4 | ▲ Bull |
| 6 | JINDALSTELTOP | 1137.70 | +0.51% | — | 1143.00 | 1122.10 | 20.90 | 1.84% | 24.55 | 24.80 |
15.7%
|
1143.00 | 1122.10 | 26.9 | ▼ Bear |
| 7 | SAILTOP | 180.05 | -1.16% | — | 183.86 | 178.33 | 5.53 | 3.07% | 4.94 | 4.93 |
-12.2%
|
183.86 | 178.33 | 22.5 | — Neut |
| 8 | HINDALCOTOP | 1010.00 | +0.15% | — | 1016.80 | 985.20 | 31.60 | 3.13% | 26.85 | 26.15 |
-20.8%
|
1016.80 | 985.20 | 20.8 | — Neut |
| 9 | NATIONALUMTOP | 376.00 | +2.24% | — | 376.75 | 362.40 | 14.35 | 3.82% | 10.49 | 11.02 |
-30.2%
|
376.75 | 362.40 | 26.1 | ▼ 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.