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 | BANKBARODATOP | 230.40 | +1.05% | NR7 | 230.50 | 227.60 | 2.90 | 1.26% | 5.36 | 5.24 |
44.7%
|
230.50 | 227.60 | 65.9 | ▼ Bear |
| 2 | ICICIBANKTOP | 1397.00 | +0.55% | NR4 | 1398.80 | 1380.00 | 18.80 | 1.35% | 32.12 | 27.73 |
32.2%
|
1398.80 | 1380.00 | 66.3 | — Neut |
| 3 | INDUSINDBKTOP | 877.00 | -0.95% | NR4 | 889.70 | 872.60 | 17.10 | 1.95% | 25.04 | 22.07 |
22.5%
|
889.70 | 872.60 | 39.4 | ▼ Bear |
| 4 | AXISBANKTOP | 1290.00 | +0.16% | NR4 | 1293.40 | 1270.60 | 22.80 | 1.77% | 26.62 | 26.13 |
12.7%
|
1293.40 | 1270.60 | 57.1 | — Neut |
| 5 | PNBTOP | 116.30 | +1.09% | — | 116.40 | 114.10 | 2.30 | 1.98% | 3.21 | 3.27 |
29.7%
|
116.40 | 114.10 | 66.8 | ▲ Bull |
| 6 | HDFCBANKTOP | 728.85 | +0.28% | — | 734.90 | 724.30 | 10.60 | 1.45% | 12.70 | 13.49 |
21.4%
|
734.90 | 724.30 | 47.4 | — Neut |
| 7 | SBINTOP | 962.60 | +0.27% | — | 965.90 | 951.70 | 14.20 | 1.48% | 17.31 | 17.91 |
20.7%
|
965.90 | 951.70 | 55.3 | ▼ Bear |
| 8 | KOTAKBANKTOP | 447.40 | -0.12% | — | 453.10 | 443.65 | 9.45 | 2.11% | 7.16 | 7.18 |
-31.6%
|
453.10 | 443.65 | 76.3 | ▲ Bull |
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.