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 | TECHMTOP | 1779.10 | -0.61% | NR4 | 1796.00 | 1752.70 | 43.30 | 2.43% | 67.08 | 60.70 |
28.7%
|
1796.00 | 1752.70 | 73.8 | ▲ Bull |
| 2 | WIPROTOP | 182.14 | -1.23% | — | 185.85 | 181.48 | 4.37 | 2.40% | 6.97 | 6.14 |
28.8%
|
185.85 | 181.48 | 73.5 | — Neut |
| 3 | TCSTOP | 2460.90 | -0.17% | — | 2497.00 | 2432.10 | 64.90 | 2.64% | 86.30 | 89.57 |
27.5%
|
2497.00 | 2432.10 | 81.8 | ▲ Bull |
| 4 | MPHASISTOP | 2500.00 | +0.00% | — | 2515.80 | 2453.00 | 62.80 | 2.51% | 77.65 | 73.53 |
14.6%
|
2515.80 | 2453.00 | 75.2 | ▲ Bull |
| 5 | HCLTECHTOP | 1379.90 | -0.01% | — | 1399.50 | 1359.00 | 40.50 | 2.93% | 51.58 | 47.18 |
14.2%
|
1399.50 | 1359.00 | 69.5 | ▲ Bull |
| 6 | COFORGETOP | 1925.00 | -1.38% | — | 1964.70 | 1916.40 | 48.30 | 2.51% | 58.77 | 54.65 |
11.6%
|
1964.70 | 1916.40 | 67.8 | ▲ Bull |
| 7 | INFYTOP | 1130.70 | -2.63% | — | 1156.95 | 1125.10 | 31.85 | 2.82% | 35.42 | 31.41 |
-1.4%
|
1156.95 | 1125.10 | 69.7 | — Neut |
| 8 | LTMTOP | 4264.90 | -2.85% | — | 4360.60 | 4142.00 | 218.60 | 5.13% | 153.12 | 147.03 |
-48.7%
|
4360.60 | 4142.00 | 57.9 | — 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.