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 | MANAPPURAMTOP | 325.25 | -1.06% | NR7 | 330.05 | 327.20 | 2.85 | 0.87% | 7.44 | 9.36 |
69.6%
|
330.05 | 327.20 | 56.3 | ▲ Bull |
| 2 | HDFCAMCTOP | 2662.30 | -1.99% | NR7 | 2739.10 | 2704.00 | 35.10 | 1.29% | 55.35 | 68.35 |
48.6%
|
2739.10 | 2704.00 | 34.7 | — Neut |
| 3 | LTFTOP | 281.70 | -0.35% | NR7 | 284.60 | 280.50 | 4.10 | 1.46% | 9.05 | 7.88 |
48.0%
|
284.60 | 280.50 | 34.7 | — Neut |
| 4 | M&MFINTOP | 304.00 | -0.39% | NR7 | 306.95 | 301.45 | 5.50 | 1.80% | 10.64 | 9.89 |
44.4%
|
306.95 | 301.45 | 20.5 | ▼ Bear |
| 5 | RECLTDTOP | 337.30 | -0.71% | NR7 | 340.65 | 336.60 | 4.05 | 1.19% | 6.14 | 5.96 |
32.0%
|
340.65 | 336.60 | 29.6 | ▼ Bear |
| 6 | BAJFINANCETOP | 931.15 | +0.10% | NR4 | 935.95 | 923.00 | 12.95 | 1.39% | 21.85 | 19.19 |
32.5%
|
935.95 | 923.00 | 36.6 | ▲ Bull |
| 7 | CANFINHOMETOP | 834.00 | +0.13% | NR4 | 840.20 | 828.00 | 12.20 | 1.46% | 16.59 | 16.27 |
25.0%
|
840.20 | 828.00 | 30.0 | ▼ Bear |
| 8 | CHOLAFINTOP | 1537.70 | -2.63% | NR4 | 1587.00 | 1555.30 | 31.70 | 2.01% | 43.70 | 39.35 |
19.4%
|
1587.00 | 1555.30 | 31.9 | — Neut |
| 9 | ABCAPITALTOP | 363.30 | -0.44% | — | 367.90 | 362.35 | 5.55 | 1.52% | 8.75 | 9.26 |
40.1%
|
367.90 | 362.35 | 50.2 | ▲ Bull |
| 10 | BAJAJFINSVTOP | 1783.60 | -1.41% | — | 1815.50 | 1794.50 | 21.00 | 1.16% | 26.45 | 30.30 |
30.7%
|
1815.50 | 1794.50 | 43.8 | — Neut |
| 11 | PFC | 428.60 | -1.13% | — | 435.65 | 429.25 | 6.40 | 1.48% | 8.99 | 9.07 |
29.4%
|
435.65 | 429.25 | 29.0 | — Neut |
| 12 | SBICARD | 624.40 | -0.14% | — | 632.50 | 622.25 | 10.25 | 1.64% | 12.69 | 11.74 |
12.7%
|
632.50 | 622.25 | 32.6 | ▼ Bear |
| 13 | MUTHOOTFIN | 3352.10 | +1.37% | — | 3360.00 | 3301.20 | 58.80 | 1.78% | 57.15 | 63.25 |
7.0%
|
3360.00 | 3301.20 | 38.6 | ▼ Bear |
| 14 | SHRIRAMFIN | 947.15 | -1.67% | — | 968.10 | 946.60 | 21.50 | 2.23% | 23.40 | 20.53 |
-4.7%
|
968.10 | 946.60 | 35.7 | ▼ Bear |
| 15 | MFSL | 1674.50 | -0.46% | — | 1725.70 | 1674.20 | 51.50 | 3.06% | 52.05 | 46.33 |
-11.2%
|
1725.70 | 1674.20 | 46.2 | ▲ Bull |
| 16 | LICHSGFIN | 532.15 | -4.37% | — | 559.45 | 543.45 | 16.00 | 2.88% | 10.03 | 10.28 |
-55.6%
|
559.45 | 543.45 | 32.4 | — Neut |
| 17 | MCX | 2923.50 | -7.44% | — | 3322.70 | 3150.80 | 171.90 | 5.44% | 108.50 | 105.43 |
-63.0%
|
3322.70 | 3150.80 | 43.3 | — Neut |
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.