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 | HINDPETROTOP | 346.00 | -0.72% | NR7 | 347.75 | 343.80 | 3.95 | 1.14% | 9.81 | 10.75 |
63.3%
|
347.75 | 343.80 | 53.6 | — Neut |
| 2 | ONGCTOP | 222.00 | -1.18% | NR7 | 224.99 | 221.97 | 3.02 | 1.36% | 3.77 | 3.80 |
20.5%
|
224.99 | 221.97 | 41.7 | ▼ Bear |
| 3 | RELIANCETOP | 1211.20 | -0.31% | — | 1215.40 | 1193.00 | 22.40 | 1.85% | 28.82 | 28.18 |
20.5%
|
1215.40 | 1193.00 | 51.0 | — Neut |
| 4 | GAILTOP | 168.10 | -0.74% | — | 169.48 | 166.65 | 2.83 | 1.68% | 3.10 | 3.15 |
10.2%
|
169.48 | 166.65 | 39.6 | ▼ Bear |
| 5 | NTPCTOP | 315.15 | +0.16% | — | 317.65 | 311.70 | 5.95 | 1.89% | 6.66 | 6.57 |
9.4%
|
317.65 | 311.70 | 36.6 | ▼ Bear |
| 6 | BPCLTOP | 293.50 | -0.07% | — | 296.85 | 290.20 | 6.65 | 2.27% | 6.11 | 7.05 |
5.7%
|
296.85 | 290.20 | 41.3 | ▼ Bear |
| 7 | POWERGRIDTOP | 250.45 | +0.24% | — | 253.25 | 247.05 | 6.20 | 2.48% | 4.15 | 5.15 |
-20.4%
|
253.25 | 247.05 | 31.9 | ▼ Bear |
| 8 | IOCTOP | 130.38 | +1.20% | — | 130.38 | 126.81 | 3.57 | 2.74% | 2.40 | 2.69 |
-32.7%
|
130.38 | 126.81 | 43.2 | ▼ 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.