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 | HAVELLSTOP | 1020.00 | -0.53% | NR7 | 1026.60 | 1010.60 | 16.00 | 1.57% | 42.62 | 41.78 |
61.7%
|
1026.60 | 1010.60 | 49.2 | ▼ Bear |
| 2 | ABBTOP | 6530.00 | +0.62% | NR7 | 6553.50 | 6435.00 | 118.50 | 1.81% | 249.75 | 287.92 |
58.8%
|
6553.50 | 6435.00 | 43.8 | ▼ Bear |
| 3 | SIEMENSTOP | 3366.00 | -0.21% | NR7 | 3385.00 | 3303.40 | 81.60 | 2.42% | 119.58 | 128.28 |
36.4%
|
3385.00 | 3303.40 | 34.3 | ▼ Bear |
| 4 | BHELTOP | 401.95 | -0.83% | — | 405.90 | 396.85 | 9.05 | 2.25% | 14.38 | 15.81 |
42.8%
|
405.90 | 396.85 | 39.6 | ▼ Bear |
| 5 | LTTSTOP | 4182.60 | +2.31% | — | 4207.30 | 4072.60 | 134.70 | 3.22% | 161.75 | 201.92 |
33.3%
|
4207.30 | 4072.60 | 82.3 | ▲ 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.