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 | ONGCTOP | 247.99 | +1.24% | NR7 | 245.39 | 243.41 | 1.98 | 0.81% | 5.92 | 5.43 |
63.5%
|
245.39 | 243.41 | 54.4 | — Neut |
| 2 | POWERGRIDTOP | 285.25 | +0.76% | NR7 | 283.80 | 281.35 | 2.45 | 0.87% | 4.35 | 4.58 |
46.5%
|
283.80 | 281.35 | 43.6 | ▼ Bear |
| 3 | BPCLTOP | 307.80 | -0.63% | NR7 | 313.75 | 309.10 | 4.65 | 1.50% | 7.69 | 7.89 |
41.1%
|
313.75 | 309.10 | 49.1 | ▲ Bull |
| 4 | GAILTOP | 173.00 | -0.42% | NR4 | 173.40 | 170.53 | 2.87 | 1.66% | 4.02 | 3.45 |
16.8%
|
173.40 | 170.53 | 40.4 | ▲ Bull |
| 5 | NTPCTOP | 352.40 | +2.28% | — | 348.80 | 343.20 | 5.60 | 1.63% | 5.67 | 5.84 |
4.1%
|
348.80 | 343.20 | 32.5 | ▼ Bear |
| 6 | RELIANCETOP | 1297.00 | -0.83% | — | 1311.10 | 1287.80 | 23.30 | 1.78% | 25.77 | 21.22 |
-9.8%
|
1311.10 | 1287.80 | 41.5 | ▼ Bear |
| 7 | HINDPETROTOP | 391.50 | -0.96% | — | 394.15 | 385.55 | 8.60 | 2.20% | 8.79 | 7.73 |
-11.3%
|
394.15 | 385.55 | 49.1 | — Neut |
| 8 | IOCTOP | 140.01 | +0.76% | — | 140.17 | 136.62 | 3.55 | 2.54% | 2.50 | 2.36 |
-50.4%
|
140.17 | 136.62 | 39.7 | ▼ 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.