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 | SBINTOP | 996.20 | -0.81% | NR7 | 1001.90 | 993.00 | 8.90 | 0.89% | 15.23 | 14.82 |
39.9%
|
1001.90 | 993.00 | 31.9 | ▼ Bear |
| 2 | BANKBARODATOP | 236.81 | -0.04% | — | 237.56 | 234.30 | 3.26 | 1.38% | 4.15 | 3.99 |
18.3%
|
237.56 | 234.30 | 39.4 | ▼ Bear |
| 3 | INDUSINDBKTOP | 978.20 | -1.19% | — | 988.70 | 972.30 | 16.40 | 1.68% | 17.82 | 18.18 |
9.8%
|
988.70 | 972.30 | 37.4 | — Neut |
| 4 | ICICIBANKTOP | 1382.10 | +0.36% | — | 1389.00 | 1367.60 | 21.40 | 1.55% | 19.12 | 19.23 |
-11.3%
|
1389.00 | 1367.60 | 40.7 | — Neut |
| 5 | AXISBANKTOP | 1251.10 | +0.41% | — | 1252.80 | 1229.80 | 23.00 | 1.84% | 18.30 | 18.43 |
-24.8%
|
1252.80 | 1229.80 | 54.2 | ▼ Bear |
| 6 | PNBTOP | 117.35 | +0.61% | — | 117.79 | 114.52 | 3.27 | 2.79% | 1.96 | 1.89 |
-73.0%
|
117.79 | 114.52 | 56.5 | ▲ Bull |
| 7 | KOTAKBANKTOP | 417.70 | +0.85% | — | 420.00 | 409.25 | 10.75 | 2.57% | 4.99 | 5.00 |
-115.0%
|
420.00 | 409.25 | 64.9 | ▲ Bull |
| 8 | HDFCBANKTOP | 708.60 | +2.61% | — | 709.00 | 681.90 | 27.10 | 3.82% | 8.26 | 8.13 |
-233.3%
|
709.00 | 681.90 | 40.8 | ▼ Bear |
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.