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 | HDFCBANKTOP | 739.55 | -0.44% | NR7 | 751.00 | 743.25 | 7.75 | 1.04% | 13.51 | 12.59 |
38.4%
|
751.00 | 743.25 | 21.2 | ▼ Bear |
| 2 | PNBTOP | 111.62 | +1.12% | NR4 | 111.00 | 109.55 | 1.45 | 1.32% | 2.65 | 2.31 |
37.2%
|
111.00 | 109.55 | 65.0 | ▲ Bull |
| 3 | AXISBANKTOP | 1227.50 | +0.02% | NR4 | 1239.40 | 1219.20 | 20.20 | 1.65% | 28.45 | 29.10 |
30.6%
|
1239.40 | 1219.20 | 24.7 | ▼ Bear |
| 4 | SBINTOP | 1020.60 | +0.55% | NR4 | 1023.10 | 1006.50 | 16.60 | 1.64% | 23.95 | 21.13 |
21.4%
|
1023.10 | 1006.50 | 42.8 | — Neut |
| 5 | BANKBARODATOP | 244.00 | -0.99% | — | 246.00 | 242.25 | 3.75 | 1.54% | 6.69 | 5.46 |
31.3%
|
246.00 | 242.25 | 46.5 | ▼ Bear |
| 6 | ICICIBANKTOP | 1445.70 | +0.89% | — | 1446.00 | 1426.60 | 19.40 | 1.35% | 30.30 | 26.25 |
26.1%
|
1446.00 | 1426.60 | 51.9 | ▲ Bull |
| 7 | KOTAKBANKTOP | 384.65 | -0.03% | — | 386.10 | 378.85 | 7.25 | 1.89% | 10.38 | 8.79 |
17.5%
|
386.10 | 378.85 | 52.6 | ▼ Bear |
| 8 | INDUSINDBKTOP | 1006.65 | +1.06% | — | 1042.20 | 998.15 | 44.05 | 4.38% | 24.56 | 23.76 |
-85.4%
|
1042.20 | 998.15 | 46.9 | ▲ 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.