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 | SAILTOP | 175.13 | +0.00% | NR7 | 179.07 | 176.00 | 3.07 | 1.72% | 3.98 | 4.09 |
24.9%
|
179.07 | 176.00 | 100.0 | — Neut |
| 2 | ADANIENTTOP | 2227.72 | +0.00% | NR7 | 2321.40 | 2227.00 | 94.40 | 4.13% | 107.67 | 109.15 |
13.5%
|
2321.40 | 2227.00 | 65.2 | — Neut |
| 3 | BHARATFORGTOP | 1900.01 | +0.00% | NR7 | 1892.10 | 1836.00 | 56.10 | 3.02% | 63.52 | 64.35 |
12.8%
|
1892.10 | 1836.00 | 77.0 | — Neut |
| 4 | VEDLTOP | 734.31 | +0.00% | — | 734.95 | 707.60 | 27.35 | 3.79% | 26.15 | 26.02 |
-5.1%
|
734.95 | 707.60 | 50.0 | — Neut |
| 5 | NATIONALUMTOP | 424.11 | +0.00% | — | 439.95 | 428.20 | 11.75 | 2.69% | 11.04 | 10.96 |
-7.2%
|
439.95 | 428.20 | 76.3 | — Neut |
| 6 | JSWSTEELTOP | 1281.36 | +0.00% | — | 1268.00 | 1246.50 | 21.50 | 1.71% | 19.55 | 19.33 |
-11.2%
|
1268.00 | 1246.50 | 50.0 | — Neut |
| 7 | TATASTEELTOP | 211.73 | +0.00% | — | 212.00 | 208.60 | 3.40 | 1.62% | 3.05 | 3.02 |
-12.6%
|
212.00 | 208.60 | 25.3 | — Neut |
| 8 | JINDALSTELTOP | 1286.93 | +0.00% | — | 1273.10 | 1237.30 | 35.80 | 2.85% | 30.10 | 29.47 |
-21.5%
|
1273.10 | 1237.30 | 45.9 | — Neut |
| 9 | HINDALCOTOP | 1021.39 | +0.00% | — | 1054.00 | 1027.55 | 26.45 | 2.52% | 20.00 | 19.28 |
-37.2%
|
1054.00 | 1027.55 | 54.9 | — Neut |
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.