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 | WIPROTOP | 181.15 | +0.89% | NR7 | 179.95 | 178.22 | 1.73 | 0.96% | 2.85 | 3.11 |
44.4%
|
179.95 | 178.22 | 44.6 | ▼ Bear |
| 2 | HCLTECHTOP | 1318.40 | -0.48% | NR4 | 1324.80 | 1301.40 | 23.40 | 1.77% | 28.15 | 27.33 |
14.4%
|
1324.80 | 1301.40 | 43.3 | ▲ Bull |
| 3 | TCSTOP | 2298.00 | +0.39% | — | 2308.20 | 2258.30 | 49.90 | 2.18% | 44.20 | 58.52 |
14.7%
|
2308.20 | 2258.30 | 44.1 | — Neut |
| 4 | INFYTOP | 1130.00 | +0.91% | — | 1134.70 | 1113.80 | 20.90 | 1.87% | 22.35 | 21.33 |
2.0%
|
1134.70 | 1113.80 | 50.0 | — Neut |
| 5 | COFORGETOP | 1882.00 | +3.80% | — | 1818.00 | 1785.40 | 32.60 | 1.80% | 32.08 | 32.20 |
-1.2%
|
1818.00 | 1785.40 | 72.8 | ▲ Bull |
| 6 | LTMTOP | 4553.00 | -0.25% | — | 4657.40 | 4525.40 | 132.00 | 2.89% | 107.92 | 114.95 |
-14.8%
|
4657.40 | 4525.40 | 58.2 | ▲ Bull |
| 7 | TECHMTOP | 1592.10 | +0.14% | — | 1610.70 | 1575.80 | 34.90 | 2.20% | 31.73 | 30.35 |
-15.0%
|
1610.70 | 1575.80 | 24.6 | — Neut |
| 8 | MPHASISTOP | 2430.00 | +0.23% | — | 2472.50 | 2385.00 | 87.50 | 3.61% | 59.30 | 57.93 |
-51.0%
|
2472.50 | 2385.00 | 58.7 | — 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.