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 | HINDALCOTOP | 884.70 | -0.18% | NR7 | 901.00 | 890.45 | 10.55 | 1.18% | 24.46 | 23.66 |
55.4%
|
901.00 | 890.45 | 48.8 | ▼ Bear |
| 2 | JSWSTEELTOP | 1246.00 | -0.75% | NR7 | 1256.20 | 1231.00 | 25.20 | 2.03% | 45.35 | 43.68 |
42.3%
|
1256.20 | 1231.00 | 66.4 | — Neut |
| 3 | JINDALSTELTOP | 1061.20 | +0.11% | NR7 | 1063.50 | 1045.80 | 17.70 | 1.69% | 32.73 | 30.22 |
41.4%
|
1063.50 | 1045.80 | 65.3 | — Neut |
| 4 | BHARATFORGTOP | 1720.00 | -2.62% | NR7 | 1772.80 | 1739.30 | 33.50 | 1.90% | 53.80 | 54.67 |
38.7%
|
1772.80 | 1739.30 | 45.6 | ▼ Bear |
| 5 | TATASTEELTOP | 167.60 | -1.10% | NR4 | 170.99 | 168.09 | 2.90 | 1.71% | 5.21 | 4.83 |
40.0%
|
170.99 | 168.09 | 44.7 | ▼ Bear |
| 6 | ADANIENTTOP | 2579.40 | -1.09% | NR4 | 2499.90 | 2442.80 | 57.10 | 2.30% | 76.50 | 79.18 |
27.9%
|
2499.90 | 2442.80 | 51.0 | ▼ Bear |
| 7 | VEDLTOP | 237.90 | +1.43% | — | 233.65 | 226.40 | 7.25 | 3.11% | 6.79 | 7.94 |
8.7%
|
233.65 | 226.40 | 35.1 | ▼ Bear |
| 8 | SAILTOP | 159.44 | -0.97% | — | 169.30 | 161.00 | 8.30 | 5.12% | 7.01 | 6.28 |
-32.2%
|
169.30 | 161.00 | 42.8 | ▼ Bear |
| 9 | NATIONALUMTOP | 314.55 | -2.77% | — | 325.45 | 310.40 | 15.05 | 4.65% | 10.56 | 10.15 |
-48.3%
|
325.45 | 310.40 | 56.2 | ▼ 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.