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 | KOTAKBANKTOP | 382.60 | -1.57% | NR7 | 390.50 | 386.70 | 3.80 | 0.98% | 7.43 | 8.17 |
53.5%
|
390.50 | 386.70 | 53.1 | — Neut |
| 2 | SBINTOP | 964.40 | -0.35% | NR7 | 975.90 | 966.60 | 9.30 | 0.96% | 14.25 | 15.68 |
40.7%
|
975.90 | 966.60 | 30.4 | ▼ Bear |
| 3 | INDUSINDBKTOP | 914.45 | -1.91% | NR7 | 939.80 | 928.00 | 11.80 | 1.27% | 15.19 | 15.95 |
26.0%
|
939.80 | 928.00 | 38.5 | ▲ Bull |
| 4 | PNBTOP | 106.05 | -0.58% | — | 107.04 | 105.58 | 1.46 | 1.37% | 1.88 | 1.99 |
26.6%
|
107.04 | 105.58 | 47.1 | — Neut |
| 5 | AXISBANKTOP | 1286.60 | -1.34% | — | 1314.50 | 1293.10 | 21.40 | 1.64% | 24.68 | 24.12 |
11.3%
|
1314.50 | 1293.10 | 56.3 | — Neut |
| 6 | BANKBARODATOP | 268.50 | -0.90% | — | 274.25 | 269.80 | 4.45 | 1.64% | 4.80 | 4.92 |
9.6%
|
274.25 | 269.80 | 55.6 | — Neut |
| 7 | ICICIBANKTOP | 1256.40 | -1.28% | — | 1293.40 | 1266.70 | 26.70 | 2.10% | 22.73 | 22.30 |
-19.7%
|
1293.40 | 1266.70 | 47.3 | ▼ Bear |
| 8 | HDFCBANKTOP | 744.55 | -1.86% | — | 773.90 | 756.90 | 17.00 | 2.24% | 13.93 | 12.22 |
-39.1%
|
773.90 | 756.90 | 36.5 | ▼ 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.