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 | ADANIPORTSTOP | 1767.50 | +0.08% | NR7 | 1771.90 | 1750.80 | 21.10 | 1.19% | 41.98 | 36.90 |
42.8%
|
1771.90 | 1750.80 | 61.8 | — Neut |
| 2 | POWERGRIDTOP | 269.00 | -0.72% | — | 274.05 | 268.35 | 5.70 | 2.12% | 4.99 | 4.59 |
-24.2%
|
274.05 | 268.35 | 44.9 | — Neut |
| 3 | LTTOP | 3939.50 | +0.11% | — | 3948.00 | 3880.70 | 67.30 | 1.71% | 59.92 | 53.87 |
-24.9%
|
3948.00 | 3880.70 | 28.6 | ▼ Bear |
| 4 | LTFTOP | 310.25 | +0.18% | — | 311.55 | 302.70 | 8.85 | 2.85% | 5.12 | 5.65 |
-56.6%
|
311.55 | 302.70 | 44.7 | — 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.