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 | ADANIENTTOP | 2994.90 | +0.15% | NR7 | 3011.00 | 2990.00 | 21.00 | 0.70% | 59.08 | 66.67 |
68.5%
|
3011.00 | 2990.00 | 47.4 | — Neut |
| 2 | SAILTOP | 174.90 | +1.24% | NR7 | 176.43 | 173.41 | 3.02 | 1.73% | 7.12 | 6.66 |
54.7%
|
176.43 | 173.41 | 57.4 | — Neut |
| 3 | TATASTEELTOP | 183.50 | -0.27% | — | 185.60 | 182.95 | 2.65 | 1.44% | 3.43 | 3.70 |
28.4%
|
185.60 | 182.95 | 36.7 | ▼ Bear |
| 4 | NATIONALUMTOP | 385.60 | -0.25% | — | 395.75 | 385.10 | 10.65 | 2.76% | 9.39 | 12.48 |
14.7%
|
395.75 | 385.10 | 63.9 | ▲ Bull |
| 5 | BHARATFORGTOP | 2062.00 | -0.34% | — | 2084.00 | 2045.20 | 38.80 | 1.88% | 40.85 | 38.33 |
-1.2%
|
2084.00 | 2045.20 | 34.4 | — Neut |
| 6 | VEDLTOP | 268.15 | +2.11% | — | 271.95 | 265.20 | 6.75 | 2.52% | 4.50 | 5.69 |
-18.6%
|
271.95 | 265.20 | 53.4 | ▼ Bear |
| 7 | JSWSTEELTOP | 1299.70 | +1.08% | — | 1310.60 | 1281.50 | 29.10 | 2.24% | 26.88 | 23.32 |
-24.8%
|
1310.60 | 1281.50 | 58.0 | ▲ Bull |
| 8 | JINDALSTELTOP | 1118.90 | +0.35% | — | 1142.00 | 1108.40 | 33.60 | 3.00% | 23.65 | 21.57 |
-55.8%
|
1142.00 | 1108.40 | 54.3 | — Neut |
| 9 | HINDALCOTOP | 1029.85 | -0.88% | — | 1048.00 | 1013.00 | 35.00 | 3.40% | 17.25 | 22.18 |
-57.8%
|
1048.00 | 1013.00 | 61.5 | ▲ 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.