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 | HCLTECHTOP | 1380.00 | +1.47% | — | 1384.80 | 1348.60 | 36.20 | 2.62% | 50.23 | 46.97 |
22.9%
|
1384.80 | 1348.60 | 69.5 | ▲ Bull |
| 2 | MPHASISTOP | 2500.00 | +1.91% | — | 2521.70 | 2455.10 | 66.60 | 2.66% | 75.65 | 75.18 |
11.4%
|
2521.70 | 2455.10 | 75.2 | ▲ Bull |
| 3 | COFORGETOP | 1951.90 | +0.91% | — | 1951.90 | 1900.60 | 51.30 | 2.63% | 57.88 | 57.12 |
10.2%
|
1951.90 | 1900.60 | 67.8 | ▲ Bull |
| 4 | TCSTOP | 2465.00 | +4.89% | — | 2484.70 | 2375.70 | 109.00 | 4.42% | 77.60 | 84.98 |
-28.3%
|
2484.70 | 2375.70 | 81.8 | ▲ Bull |
| 5 | LTMTOP | 4390.00 | +3.66% | — | 4419.50 | 4211.10 | 208.40 | 4.75% | 126.75 | 127.02 |
-64.1%
|
4419.50 | 4211.10 | 57.9 | — Neut |
| 6 | INFYTOP | 1161.20 | +4.61% | — | 1167.85 | 1122.00 | 45.85 | 3.95% | 29.75 | 27.06 |
-69.4%
|
1167.85 | 1122.00 | 69.7 | — Neut |
| 7 | TECHMTOP | 1790.00 | +8.48% | — | 1797.00 | 1690.10 | 106.90 | 5.97% | 54.23 | 48.72 |
-119.4%
|
1797.00 | 1690.10 | 73.8 | ▲ Bull |
| 8 | WIPROTOP | 184.40 | +5.95% | — | 185.69 | 170.00 | 15.69 | 8.51% | 3.78 | 4.16 |
-277.2%
|
185.69 | 170.00 | 73.5 | — 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.