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 | GAILTOP | 160.31 | +0.00% | NR7 | 166.30 | 163.35 | 2.95 | 1.78% | 3.64 | 3.72 |
20.7%
|
166.30 | 163.35 | 50.0 | — Neut |
| 2 | ONGCTOP | 283.31 | +0.00% | NR7 | 288.80 | 283.90 | 4.90 | 1.72% | 5.54 | 5.61 |
12.7%
|
288.80 | 283.90 | 45.7 | — Neut |
| 3 | POWERGRIDTOP | 319.21 | +0.00% | NR7 | 317.90 | 314.50 | 3.40 | 1.07% | 3.70 | 3.73 |
8.8%
|
317.90 | 314.50 | 50.0 | — Neut |
| 4 | HINDPETROTOP | 380.14 | +0.00% | NR7 | 376.40 | 368.70 | 7.70 | 2.06% | 7.78 | 7.78 |
1.0%
|
376.40 | 368.70 | 89.4 | — Neut |
| 5 | NTPCTOP | 397.18 | +0.00% | — | 405.25 | 399.20 | 6.05 | 1.51% | 5.64 | 5.59 |
-8.2%
|
405.25 | 399.20 | 34.8 | — Neut |
| 6 | IOCTOP | 147.31 | +0.00% | — | 145.60 | 142.90 | 2.70 | 1.88% | 2.36 | 2.32 |
-16.4%
|
145.60 | 142.90 | 13.5 | — Neut |
| 7 | RELIANCETOP | 1357.55 | +0.00% | — | 1345.90 | 1325.00 | 20.90 | 1.57% | 16.32 | 15.82 |
-32.1%
|
1345.90 | 1325.00 | 36.3 | — Neut |
| 8 | BPCLTOP | 317.42 | +0.00% | — | 310.75 | 300.15 | 10.60 | 3.44% | 6.66 | 6.22 |
-70.4%
|
310.75 | 300.15 | 41.0 | — 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.