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 | DRREDDYTOP | 1230.80 | -0.18% | NR7 | 1233.00 | 1214.10 | 18.90 | 1.53% | 29.48 | 30.12 |
37.3%
|
1233.00 | 1214.10 | 54.8 | ▲ Bull |
| 2 | AUROPHARMATOP | 1658.50 | -0.50% | NR7 | 1681.70 | 1655.00 | 26.70 | 1.60% | 36.55 | 42.00 |
36.4%
|
1681.70 | 1655.00 | 36.2 | — Neut |
| 3 | ZYDUSLIFETOP | 1120.70 | -0.20% | NR4 | 1146.50 | 1123.00 | 23.50 | 2.09% | 34.67 | 35.80 |
34.4%
|
1146.50 | 1123.00 | 26.8 | — Neut |
| 4 | CIPLATOP | 1328.60 | +0.26% | NR4 | 1337.50 | 1315.10 | 22.40 | 1.69% | 25.05 | 27.25 |
17.8%
|
1337.50 | 1315.10 | 30.5 | ▼ Bear |
| 5 | SUNPHARMATOP | 1755.30 | -0.20% | — | 1764.90 | 1743.50 | 21.40 | 1.22% | 33.80 | 35.33 |
39.4%
|
1764.90 | 1743.50 | 31.4 | ▼ Bear |
| 6 | GLENMARKTOP | 2225.50 | -0.05% | — | 2266.90 | 2223.70 | 43.20 | 1.94% | 42.72 | 60.62 |
28.7%
|
2266.90 | 2223.70 | 40.2 | ▼ Bear |
| 7 | LUPINTOP | 1958.60 | -0.15% | — | 1980.50 | 1947.00 | 33.50 | 1.71% | 35.15 | 41.92 |
20.1%
|
1980.50 | 1947.00 | 29.1 | ▼ Bear |
| 8 | DIVISLABTOP | 9144.50 | +1.27% | — | 9248.00 | 8985.50 | 262.50 | 2.87% | 236.38 | 239.33 |
-9.7%
|
9248.00 | 8985.50 | 36.1 | — 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.