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 | MPHASISTOP | 2363.00 | -1.15% | — | 2410.00 | 2300.20 | 109.80 | 4.59% | 83.20 | 73.20 |
-50.0%
|
2410.00 | 2300.20 | 59.1 | ▲ Bull |
| 2 | COFORGETOP | 1533.50 | -0.48% | — | 1547.90 | 1470.00 | 77.90 | 5.06% | 52.35 | 46.73 |
-66.7%
|
1547.90 | 1470.00 | 55.8 | ▲ Bull |
| 3 | WIPROTOP | 176.89 | -0.86% | — | 179.95 | 174.36 | 5.59 | 3.13% | 2.86 | 2.96 |
-88.9%
|
179.95 | 174.36 | 55.8 | ▼ Bear |
| 4 | TECHMTOP | 1484.40 | -1.34% | — | 1524.80 | 1444.20 | 80.60 | 5.36% | 41.45 | 39.78 |
-102.6%
|
1524.80 | 1444.20 | 59.0 | ▲ Bull |
| 5 | HCLTECHTOP | 1166.70 | -4.46% | — | 1237.00 | 1162.00 | 75.00 | 6.14% | 38.67 | 36.75 |
-104.1%
|
1237.00 | 1162.00 | 57.5 | — Neut |
| 6 | LTMTOP | 4060.50 | -1.55% | — | 4239.80 | 3971.20 | 268.60 | 6.51% | 149.60 | 122.52 |
-119.2%
|
4239.80 | 3971.20 | 62.9 | — Neut |
| 7 | INFYTOP | 1092.10 | -0.95% | — | 1114.90 | 1057.10 | 57.80 | 5.24% | 27.77 | 26.30 |
-119.8%
|
1114.90 | 1057.10 | 61.5 | — Neut |
| 8 | TCSTOP | 2200.60 | +0.88% | — | 2204.90 | 2065.10 | 139.80 | 6.41% | 63.08 | 54.38 |
-157.1%
|
2204.90 | 2065.10 | 62.5 | — 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.