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 | LTMTOP | 3832.50 | -4.14% | NR4 | 3842.00 | 3756.00 | 86.00 | 2.24% | 95.50 | 96.68 |
11.0%
|
3842.00 | 3756.00 | 33.4 | ▼ Bear |
| 2 | INFYTOP | 1051.40 | -6.75% | — | 1142.90 | 1125.30 | 17.60 | 1.56% | 21.23 | 22.95 |
23.3%
|
1142.90 | 1125.30 | 29.8 | ▼ Bear |
| 3 | TCSTOP | 2125.00 | -3.55% | — | 2214.00 | 2182.00 | 32.00 | 1.45% | 35.35 | 37.00 |
13.5%
|
2214.00 | 2182.00 | 36.8 | ▼ Bear |
| 4 | WIPROTOP | 180.80 | -1.12% | — | 184.76 | 181.71 | 3.05 | 1.67% | 2.10 | 2.43 |
-25.5%
|
184.76 | 181.71 | 22.8 | ▼ Bear |
| 5 | COFORGETOP | 1463.30 | -1.33% | — | 1468.80 | 1397.80 | 71.00 | 4.85% | 50.80 | 50.43 |
-40.8%
|
1468.80 | 1397.80 | 50.3 | ▲ Bull |
| 6 | HCLTECHTOP | 1131.70 | -2.59% | — | 1168.80 | 1136.10 | 32.70 | 2.81% | 18.93 | 20.37 |
-60.5%
|
1168.80 | 1136.10 | 38.5 | ▼ Bear |
| 7 | TECHMTOP | 1409.60 | -2.63% | — | 1417.20 | 1344.00 | 73.20 | 5.19% | 27.80 | 34.83 |
-110.2%
|
1417.20 | 1344.00 | 30.0 | — Neut |
| 8 | MPHASISTOP | 2267.50 | -2.96% | — | 2279.00 | 2150.00 | 129.00 | 5.69% | 56.45 | 54.98 |
-134.6%
|
2279.00 | 2150.00 | 45.1 | — 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.