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 | RELIANCETOP | 1313.20 | +0.17% | NR7 | 1316.50 | 1307.00 | 9.50 | 0.72% | 18.55 | 19.10 |
50.3%
|
1316.50 | 1307.00 | 51.6 | — Neut |
| 2 | GAILTOP | 172.50 | +0.00% | NR7 | 173.59 | 172.06 | 1.53 | 0.89% | 2.29 | 2.60 |
41.2%
|
173.59 | 172.06 | 34.0 | — Neut |
| 3 | NTPCTOP | 337.50 | +0.28% | — | 339.55 | 334.40 | 5.15 | 1.53% | 5.35 | 5.61 |
8.2%
|
339.55 | 334.40 | 38.7 | ▼ Bear |
| 4 | IOCTOP | 135.90 | -0.29% | — | 137.12 | 135.28 | 1.84 | 1.35% | 1.75 | 1.92 |
4.2%
|
137.12 | 135.28 | 39.6 | ▼ Bear |
| 5 | BPCLTOP | 308.70 | +0.55% | — | 311.00 | 304.80 | 6.20 | 2.01% | 6.25 | 6.33 |
2.1%
|
311.00 | 304.80 | 38.5 | — Neut |
| 6 | HINDPETROTOP | 363.20 | -0.89% | — | 368.85 | 363.20 | 5.65 | 1.56% | 5.45 | 5.50 |
-2.7%
|
368.85 | 363.20 | 23.9 | ▼ Bear |
| 7 | ONGCTOP | 238.50 | +0.21% | — | 239.24 | 233.64 | 5.60 | 2.35% | 3.91 | 3.46 |
-61.8%
|
239.24 | 233.64 | 38.1 | ▼ Bear |
| 8 | POWERGRIDTOP | 264.80 | +0.49% | — | 267.50 | 262.05 | 5.45 | 2.07% | 2.76 | 3.15 |
-73.0%
|
267.50 | 262.05 | 23.1 | ▼ 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.