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 | TECHMTOP | 1500.04 | +0.00% | — | 1426.70 | 1347.40 | 79.30 | 5.84% | 64.83 | 63.22 |
-25.4%
|
1426.70 | 1347.40 | 50.0 | — Neut |
| 2 | MPHASISTOP | 2417.26 | +0.00% | — | 2284.20 | 2130.00 | 154.20 | 7.09% | 105.67 | 100.28 |
-53.8%
|
2284.20 | 2130.00 | 53.7 | — Neut |
| 3 | INFYTOP | 1314.12 | +0.00% | — | 1223.90 | 1152.20 | 71.70 | 6.21% | 47.70 | 45.03 |
-59.2%
|
1223.90 | 1152.20 | 50.0 | — Neut |
| 4 | LTMTOP | 4749.81 | +0.00% | — | 4480.50 | 4240.00 | 240.50 | 5.62% | 159.43 | 150.42 |
-59.9%
|
4480.50 | 4240.00 | 41.8 | — Neut |
| 5 | WIPROTOP | 204.96 | +0.00% | — | 202.75 | 197.88 | 4.87 | 2.44% | 3.17 | 2.98 |
-63.4%
|
202.75 | 197.88 | 57.1 | — Neut |
| 6 | TCSTOP | 2602.56 | +0.00% | — | 2505.00 | 2388.80 | 116.20 | 4.85% | 61.45 | 55.37 |
-109.9%
|
2505.00 | 2388.80 | 50.0 | — Neut |
| 7 | COFORGETOP | 1288.81 | +0.00% | — | 1214.50 | 1136.30 | 78.20 | 6.79% | 40.02 | 35.78 |
-118.6%
|
1214.50 | 1136.30 | 50.0 | — Neut |
| 8 | HCLTECHTOP | 1438.64 | +0.00% | — | 1264.80 | 1198.10 | 66.70 | 5.54% | 33.40 | 29.70 |
-124.6%
|
1264.80 | 1198.10 | 71.5 | — 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.