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 | INDUSINDBKTOP | 947.45 | +0.93% | NR7 | 941.50 | 932.25 | 9.25 | 0.99% | 23.10 | 25.03 |
63.0%
|
941.50 | 932.25 | 62.6 | ▲ Bull |
| 2 | PNBTOP | 108.77 | -0.74% | NR7 | 110.20 | 108.82 | 1.38 | 1.26% | 2.12 | 2.30 |
40.0%
|
110.20 | 108.82 | 65.5 | — Neut |
| 3 | KOTAKBANKTOP | 399.25 | -0.92% | — | 404.25 | 399.65 | 4.60 | 1.14% | 7.09 | 9.07 |
49.3%
|
404.25 | 399.65 | 72.8 | ▲ Bull |
| 4 | ICICIBANKTOP | 1346.50 | +0.31% | — | 1346.90 | 1331.40 | 15.50 | 1.15% | 21.65 | 27.97 |
44.6%
|
1346.90 | 1331.40 | 79.2 | ▲ Bull |
| 5 | AXISBANKTOP | 1357.90 | -0.16% | — | 1365.90 | 1345.00 | 20.90 | 1.54% | 24.02 | 28.55 |
26.8%
|
1365.90 | 1345.00 | 72.4 | ▲ Bull |
| 6 | BANKBARODATOP | 281.05 | -0.69% | — | 287.10 | 281.75 | 5.35 | 1.89% | 6.99 | 6.83 |
21.7%
|
287.10 | 281.75 | 64.3 | ▲ Bull |
| 7 | HDFCBANKTOP | 779.80 | -2.40% | — | 802.95 | 786.20 | 16.75 | 2.10% | 14.68 | 15.69 |
-6.8%
|
802.95 | 786.20 | 66.6 | — Neut |
| 8 | SBINTOP | 1035.10 | -0.73% | — | 1045.70 | 1024.45 | 21.25 | 2.04% | 15.91 | 15.49 |
-37.2%
|
1045.70 | 1024.45 | 85.1 | — 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.