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 | VEDLTOP | 306.00 | -0.16% | NR7 | 309.00 | 302.75 | 6.25 | 2.04% | 11.99 | 12.53 |
50.1%
|
309.00 | 302.75 | 22.4 | ▼ Bear |
| 2 | TATASTEELTOP | 200.50 | +0.75% | NR7 | 200.70 | 198.15 | 2.55 | 1.27% | 4.33 | 4.34 |
41.2%
|
200.70 | 198.15 | 35.1 | ▼ Bear |
| 3 | NATIONALUMTOP | 367.60 | -0.65% | NR7 | 371.60 | 364.00 | 7.60 | 2.07% | 10.96 | 11.72 |
35.2%
|
371.60 | 364.00 | 27.0 | ▼ Bear |
| 4 | HINDALCOTOP | 1012.00 | +0.41% | NR4 | 1017.40 | 999.00 | 18.40 | 1.82% | 30.68 | 28.53 |
35.5%
|
1017.40 | 999.00 | 25.2 | — Neut |
| 5 | JSWSTEELTOP | 1296.00 | +0.68% | NR4 | 1289.50 | 1269.10 | 20.40 | 1.58% | 28.07 | 27.95 |
27.0%
|
1289.50 | 1269.10 | 54.8 | ▲ Bull |
| 6 | BHARATFORGTOP | 2017.20 | -0.85% | — | 2049.10 | 2005.90 | 43.20 | 2.14% | 56.02 | 59.78 |
27.7%
|
2049.10 | 2005.90 | 59.9 | ▲ Bull |
| 7 | JINDALSTELTOP | 1134.00 | -0.16% | — | 1147.80 | 1126.40 | 21.40 | 1.89% | 24.90 | 26.12 |
18.1%
|
1147.80 | 1126.40 | 25.4 | ▼ Bear |
| 8 | SAILTOP | 182.14 | +1.43% | — | 184.00 | 179.47 | 4.53 | 2.49% | 5.17 | 5.15 |
12.0%
|
184.00 | 179.47 | 23.3 | — Neut |
| 9 | ADANIENTTOP | 3038.40 | +2.93% | — | 3041.00 | 2938.00 | 103.00 | 3.42% | 60.75 | 65.27 |
-57.8%
|
3041.00 | 2938.00 | 57.4 | ▲ 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.