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 | RELIANCETOP | 1305.20 | +0.94% | NR4 | 1306.40 | 1295.00 | 11.40 | 0.88% | 25.05 | 22.73 |
49.8%
|
1306.40 | 1295.00 | 44.9 | — Neut |
| 2 | GAILTOP | 173.32 | +1.06% | NR4 | 173.40 | 170.53 | 2.87 | 1.66% | 4.02 | 3.45 |
16.8%
|
173.40 | 170.53 | 44.1 | ▲ Bull |
| 3 | ONGCTOP | 248.70 | -0.08% | — | 249.25 | 245.55 | 3.70 | 1.49% | 4.53 | 4.84 |
23.6%
|
249.25 | 245.55 | 56.7 | — Neut |
| 4 | BPCLTOP | 309.90 | +1.49% | — | 309.15 | 302.15 | 7.00 | 2.28% | 7.64 | 7.05 |
0.7%
|
309.15 | 302.15 | 47.4 | ▲ Bull |
| 5 | HINDPETROTOP | 394.50 | +2.20% | — | 394.15 | 385.55 | 8.60 | 2.20% | 8.79 | 7.73 |
-11.3%
|
394.15 | 385.55 | 44.5 | ▲ Bull |
| 6 | POWERGRIDTOP | 282.55 | -1.26% | — | 286.45 | 281.65 | 4.80 | 1.68% | 4.15 | 4.12 |
-16.5%
|
286.45 | 281.65 | 39.4 | ▼ Bear |
| 7 | IOCTOP | 138.74 | +1.23% | — | 140.17 | 136.62 | 3.55 | 2.54% | 2.50 | 2.36 |
-50.4%
|
140.17 | 136.62 | 36.8 | ▼ Bear |
| 8 | NTPCTOP | 345.90 | -0.65% | — | 355.00 | 343.70 | 11.30 | 3.21% | 5.89 | 5.50 |
-105.5%
|
355.00 | 343.70 | 31.7 | ▼ Bear |
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.