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 | MFSLTOP | 1198.90 | -1.08% | NR7 | 1227.40 | 1203.00 | 24.40 | 2.01% | 52.55 | 47.10 |
48.2%
|
1227.40 | 1203.00 | 27.2 | ▼ Bear |
| 2 | M&MFINTOP | 264.65 | -0.06% | NR7 | 266.00 | 256.50 | 9.50 | 3.59% | 15.86 | 16.31 |
41.8%
|
266.00 | 256.50 | 15.2 | ▼ Bear |
| 3 | SHRIRAMFINTOP | 841.10 | +1.03% | NR4 | 843.00 | 820.80 | 22.20 | 2.64% | 40.45 | 36.40 |
39.0%
|
843.00 | 820.80 | 28.2 | ▼ Bear |
| 4 | CANFINHOMETOP | 719.25 | -1.75% | — | 734.65 | 720.00 | 14.65 | 2.00% | 21.18 | 22.38 |
34.5%
|
734.65 | 720.00 | 50.9 | ▼ Bear |
| 5 | HDFCAMCTOP | 2298.50 | -0.79% | — | 2342.30 | 2295.40 | 46.90 | 2.02% | 61.23 | 64.07 |
26.8%
|
2342.30 | 2295.40 | 55.1 | ▼ Bear |
| 6 | PFCTOP | 320.60 | +1.33% | — | 324.00 | 316.75 | 7.25 | 2.26% | 10.39 | 9.62 |
24.6%
|
324.00 | 316.75 | 38.6 | ▼ Bear |
| 7 | LTFTOP | 251.05 | +1.85% | — | 254.10 | 247.00 | 7.10 | 2.83% | 9.51 | 9.28 |
23.5%
|
254.10 | 247.00 | 36.8 | ▼ Bear |
| 8 | SBICARDTOP | 527.95 | -2.23% | — | 540.75 | 524.20 | 16.55 | 3.06% | 20.96 | 21.58 |
23.3%
|
540.75 | 524.20 | 34.9 | ▼ Bear |
| 9 | BAJAJFINSVTOP | 1667.00 | -0.06% | — | 1673.00 | 1641.10 | 31.90 | 1.91% | 38.25 | 38.60 |
17.4%
|
1673.00 | 1641.10 | 35.7 | ▼ Bear |
| 10 | MCXTOP | 3231.00 | +1.58% | — | 3247.40 | 3150.10 | 97.30 | 3.01% | 113.85 | 115.02 |
15.4%
|
3247.40 | 3150.10 | 42.0 | ▲ Bull |
| 11 | ABCAPITAL | 358.35 | +0.66% | — | 366.40 | 356.65 | 9.75 | 2.72% | 11.54 | 11.15 |
12.6%
|
366.40 | 356.65 | 42.1 | ▼ Bear |
| 12 | LICHSGFIN | 514.00 | +0.75% | — | 518.55 | 505.50 | 13.05 | 2.54% | 16.23 | 14.45 |
9.7%
|
518.55 | 505.50 | 29.1 | ▼ Bear |
| 13 | RECLTD | 296.15 | +2.12% | — | 299.00 | 290.00 | 9.00 | 3.04% | 10.65 | 9.37 |
3.9%
|
299.00 | 290.00 | 39.1 | ▼ Bear |
| 14 | BAJFINANCE | 938.90 | +2.36% | — | 943.30 | 908.75 | 34.55 | 3.68% | 22.79 | 29.32 |
-17.8%
|
943.30 | 908.75 | 45.0 | ▼ Bear |
| 15 | MANAPPURAM | 302.10 | +4.62% | — | 305.25 | 290.20 | 15.05 | 4.98% | 11.82 | 12.67 |
-18.8%
|
305.25 | 290.20 | 34.9 | ▼ Bear |
| 16 | CHOLAFIN | 1604.20 | +3.82% | — | 1619.20 | 1548.80 | 70.40 | 4.39% | 56.75 | 55.37 |
-27.1%
|
1619.20 | 1548.80 | 49.8 | — Neut |
| 17 | MUTHOOTFIN | 2399.50 | -3.91% | — | 2506.00 | 2405.00 | 101.00 | 4.04% | 47.48 | 55.45 |
-82.1%
|
2506.00 | 2405.00 | 30.4 | ▼ 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.