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 | CIPLATOP | 1351.80 | -0.27% | NR4 | 1365.00 | 1348.70 | 16.30 | 1.20% | 26.05 | 23.60 |
30.9%
|
1365.00 | 1348.70 | 34.7 | — Neut |
| 2 | ZYDUSLIFETOP | 1070.80 | -0.34% | NR4 | 1083.00 | 1065.00 | 18.00 | 1.68% | 22.80 | 21.12 |
14.8%
|
1083.00 | 1065.00 | 41.7 | ▲ Bull |
| 3 | SUNPHARMATOP | 1838.30 | +0.74% | — | 1830.00 | 1812.50 | 17.50 | 0.96% | 20.07 | 22.20 |
21.2%
|
1830.00 | 1812.50 | 69.3 | ▲ Bull |
| 4 | DRREDDYTOP | 1272.10 | +0.36% | — | 1279.90 | 1261.70 | 18.20 | 1.44% | 19.82 | 19.27 |
5.6%
|
1279.90 | 1261.70 | 38.6 | ▼ Bear |
| 5 | DIVISLABTOP | 6743.00 | -0.35% | — | 6781.50 | 6636.00 | 145.50 | 2.15% | 120.12 | 130.08 |
-11.9%
|
6781.50 | 6636.00 | 60.5 | ▲ Bull |
| 6 | LUPINTOP | 2351.60 | +1.05% | — | 2355.80 | 2303.20 | 52.60 | 2.24% | 40.98 | 38.55 |
-36.4%
|
2355.80 | 2303.20 | 67.7 | — Neut |
| 7 | GLENMARKTOP | 2213.60 | +2.77% | — | 2221.60 | 2145.10 | 76.50 | 3.46% | 44.23 | 44.63 |
-71.4%
|
2221.60 | 2145.10 | 52.1 | — Neut |
| 8 | AUROPHARMATOP | 1497.80 | +3.75% | — | 1503.10 | 1446.40 | 56.70 | 3.79% | 40.70 | 32.98 |
-71.9%
|
1503.10 | 1446.40 | 62.6 | ▲ 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.