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 | MCXTOP | 2752.80 | +0.84% | NR7 | 2747.30 | 2706.00 | 41.30 | 1.51% | 83.60 | 86.27 |
52.1%
|
2747.30 | 2706.00 | 59.1 | ▼ Bear |
| 2 | BAJAJFINSVTOP | 1919.40 | +2.28% | NR7 | 1892.90 | 1866.50 | 26.40 | 1.41% | 39.42 | 39.38 |
33.0%
|
1892.90 | 1866.50 | 54.4 | ▲ Bull |
| 3 | M&MFINTOP | 361.00 | +1.26% | NR4 | 368.00 | 355.55 | 12.45 | 3.49% | 21.81 | 17.06 |
27.0%
|
368.00 | 355.55 | 63.2 | ▲ Bull |
| 4 | MUTHOOTFINTOP | 3025.90 | +1.31% | NR4 | 2998.40 | 2925.10 | 73.30 | 2.45% | 93.05 | 77.33 |
5.2%
|
2998.40 | 2925.10 | 40.4 | ▼ Bear |
| 5 | CANFINHOMETOP | 816.05 | +0.26% | — | 819.50 | 799.00 | 20.50 | 2.52% | 34.73 | 29.26 |
29.9%
|
819.50 | 799.00 | 24.8 | ▼ Bear |
| 6 | HDFCAMCTOP | 2552.40 | +1.86% | — | 2530.60 | 2468.50 | 62.10 | 2.48% | 73.62 | 86.08 |
27.9%
|
2530.60 | 2468.50 | 34.9 | ▼ Bear |
| 7 | SBICARDTOP | 647.00 | +4.57% | — | 625.90 | 611.00 | 14.90 | 2.41% | 18.36 | 19.02 |
21.7%
|
625.90 | 611.00 | 63.2 | ▲ Bull |
| 8 | MFSLTOP | 1511.10 | -0.29% | — | 1520.80 | 1484.80 | 36.00 | 2.38% | 29.52 | 37.83 |
4.8%
|
1520.80 | 1484.80 | 32.5 | ▼ Bear |
| 9 | MANAPPURAMTOP | 359.85 | +1.96% | — | 354.20 | 343.55 | 10.65 | 3.02% | 11.79 | 10.30 |
-3.4%
|
354.20 | 343.55 | 62.1 | ▲ Bull |
| 10 | PFCTOP | 420.10 | +1.99% | — | 414.15 | 405.30 | 8.85 | 2.15% | 8.43 | 8.22 |
-7.7%
|
414.15 | 405.30 | 56.4 | — Neut |
| 11 | LTF | 312.75 | +3.42% | — | 304.80 | 297.15 | 7.65 | 2.53% | 7.22 | 6.52 |
-17.3%
|
304.80 | 297.15 | 33.2 | ▲ Bull |
| 12 | ABCAPITAL | 400.45 | +1.68% | — | 395.30 | 384.35 | 10.95 | 2.78% | 10.18 | 9.09 |
-20.5%
|
395.30 | 384.35 | 47.4 | ▲ Bull |
| 13 | RECLTD | 368.15 | +1.81% | — | 364.50 | 354.90 | 9.60 | 2.65% | 7.52 | 7.72 |
-24.4%
|
364.50 | 354.90 | 63.3 | ▲ Bull |
| 14 | BAJFINANCE | 1048.30 | +3.51% | — | 1030.20 | 1001.30 | 28.90 | 2.85% | 20.55 | 20.72 |
-39.5%
|
1030.20 | 1001.30 | 51.3 | ▲ Bull |
| 15 | LICHSGFIN | 552.00 | +2.42% | — | 542.15 | 529.25 | 12.90 | 2.39% | 8.94 | 8.68 |
-48.6%
|
542.15 | 529.25 | 54.9 | — Neut |
| 16 | SHRIRAMFIN | 1038.20 | +3.29% | — | 1051.00 | 992.90 | 58.10 | 5.78% | 33.33 | 28.35 |
-104.9%
|
1051.00 | 992.90 | 44.8 | ▲ Bull |
| 17 | CHOLAFIN | 1785.20 | +3.53% | — | 1741.30 | 1660.40 | 80.90 | 4.69% | 34.73 | 31.95 |
-153.2%
|
1741.30 | 1660.40 | 41.1 | ▲ 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.