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 | LTTSTOP | 3350.00 | -0.60% | NR7 | 3370.10 | 3322.10 | 48.00 | 1.43% | 63.08 | 66.67 |
28.0%
|
3370.10 | 3322.10 | 19.8 | — Neut |
| 2 | HAVELLSTOP | 1111.90 | +0.27% | — | 1114.70 | 1096.20 | 18.50 | 1.66% | 19.25 | 20.08 |
7.9%
|
1114.70 | 1096.20 | 14.4 | ▼ Bear |
| 3 | SIEMENSTOP | 3931.00 | -0.48% | — | 3949.90 | 3858.40 | 91.50 | 2.33% | 88.92 | 87.90 |
-4.1%
|
3949.90 | 3858.40 | 24.6 | — Neut |
| 4 | ABBTOP | 7240.00 | -0.82% | — | 7324.00 | 7173.00 | 151.00 | 2.09% | 128.75 | 113.17 |
-33.4%
|
7324.00 | 7173.00 | 36.6 | — Neut |
| 5 | BHELTOP | 430.70 | +0.58% | — | 433.00 | 418.20 | 14.80 | 3.44% | 11.50 | 10.78 |
-37.3%
|
433.00 | 418.20 | 60.4 | ▲ 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.