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 | COLPALTOP | 2054.50 | -1.58% | NR7 | 2099.30 | 2070.20 | 29.10 | 1.39% | 67.58 | 61.90 |
53.0%
|
2099.30 | 2070.20 | 27.2 | — Neut |
| 2 | HINDUNILVRTOP | 2198.40 | -0.50% | NR4 | 2214.60 | 2187.00 | 27.60 | 1.26% | 44.33 | 42.62 |
35.2%
|
2214.60 | 2187.00 | 28.1 | ▼ Bear |
| 3 | NESTLEINDTOP | 1427.50 | -0.08% | — | 1443.70 | 1423.10 | 20.60 | 1.44% | 27.05 | 28.18 |
26.9%
|
1443.70 | 1423.10 | 26.0 | ▲ Bull |
| 4 | BRITANNIATOP | 5335.50 | -0.05% | — | 5352.50 | 5301.00 | 51.50 | 0.97% | 61.75 | 68.58 |
24.9%
|
5352.50 | 5301.00 | 21.5 | ▼ Bear |
| 5 | DABURTOP | 443.40 | -0.46% | — | 447.00 | 440.30 | 6.70 | 1.50% | 8.21 | 8.51 |
21.3%
|
447.00 | 440.30 | 14.7 | — Neut |
| 6 | ASIANPAINTTOP | 2671.90 | +0.94% | — | 2689.60 | 2642.00 | 47.60 | 1.78% | 45.33 | 47.37 |
-0.5%
|
2689.60 | 2642.00 | 60.3 | ▲ Bull |
| 7 | UBLTOP | 1316.90 | -1.71% | — | 1365.30 | 1337.00 | 28.30 | 2.11% | 30.82 | 28.13 |
-0.6%
|
1365.30 | 1337.00 | 21.3 | ▼ Bear |
| 8 | ITCTOP | 286.90 | -1.73% | — | 296.35 | 291.05 | 5.30 | 1.82% | 4.49 | 4.55 |
-16.5%
|
296.35 | 291.05 | 27.3 | ▼ Bear |
| 9 | GODREJCPTOP | 1029.30 | -1.45% | — | 1048.90 | 1023.50 | 25.40 | 2.43% | 23.50 | 21.70 |
-17.1%
|
1048.90 | 1023.50 | 45.8 | ▼ Bear |
| 10 | MARUTITOP | 13092.00 | -2.04% | — | 13417.00 | 13102.00 | 315.00 | 2.36% | 181.25 | 208.00 |
-51.4%
|
13417.00 | 13102.00 | 32.9 | ▼ 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.