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 | LUPINTOP | 2488.20 | +0.77% | NR7 | 2509.90 | 2481.00 | 28.90 | 1.16% | 56.58 | 55.03 |
47.5%
|
2509.90 | 2481.00 | 66.6 | ▲ Bull |
| 2 | DRREDDYTOP | 1236.00 | -0.82% | NR7 | 1249.10 | 1226.30 | 22.80 | 1.85% | 47.70 | 42.37 |
46.2%
|
1249.10 | 1226.30 | 40.7 | — Neut |
| 3 | SUNPHARMATOP | 1948.40 | +0.30% | NR4 | 1933.10 | 1911.00 | 22.10 | 1.15% | 42.95 | 40.38 |
45.3%
|
1933.10 | 1911.00 | 68.1 | ▲ Bull |
| 4 | CIPLATOP | 1439.20 | +0.08% | — | 1443.00 | 1420.00 | 23.00 | 1.61% | 30.92 | 27.33 |
15.8%
|
1443.00 | 1420.00 | 51.9 | ▲ Bull |
| 5 | AUROPHARMATOP | 1557.10 | +0.28% | — | 1584.70 | 1541.00 | 43.70 | 2.82% | 43.23 | 47.67 |
8.3%
|
1584.70 | 1541.00 | 53.1 | ▲ Bull |
| 6 | ZYDUSLIFETOP | 1137.20 | +0.32% | — | 1155.70 | 1128.50 | 27.20 | 2.40% | 27.50 | 28.18 |
3.5%
|
1155.70 | 1128.50 | 56.9 | ▲ Bull |
| 7 | GLENMARKTOP | 2308.70 | +0.16% | — | 2322.90 | 2264.00 | 58.90 | 2.56% | 61.42 | 60.65 |
2.9%
|
2322.90 | 2264.00 | 67.6 | ▲ Bull |
| 8 | DIVISLABTOP | 7298.00 | +1.52% | — | 6958.00 | 6786.50 | 171.50 | 2.47% | 169.38 | 155.50 |
-10.3%
|
6958.00 | 6786.50 | 70.0 | ▲ 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.