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 | TATASTEELTOP | 214.74 | +2.03% | NR7 | 211.14 | 209.51 | 1.63 | 0.77% | 2.95 | 3.67 |
55.6%
|
211.14 | 209.51 | 46.7 | ▲ Bull |
| 2 | BHARATFORGTOP | 1930.40 | +0.63% | — | 1939.90 | 1908.30 | 31.60 | 1.64% | 47.33 | 48.12 |
34.3%
|
1939.90 | 1908.30 | 40.7 | ▲ Bull |
| 3 | JINDALSTELTOP | 1222.90 | +0.87% | — | 1226.30 | 1205.00 | 21.30 | 1.74% | 31.88 | 31.60 |
32.6%
|
1226.30 | 1205.00 | 38.7 | — Neut |
| 4 | JSWSTEELTOP | 1293.60 | +0.33% | — | 1301.00 | 1282.70 | 18.30 | 1.41% | 18.23 | 22.27 |
17.8%
|
1301.00 | 1282.70 | 58.8 | ▲ Bull |
| 5 | HINDALCOTOP | 1103.80 | +0.38% | — | 1118.00 | 1094.60 | 23.40 | 2.12% | 33.50 | 27.72 |
15.6%
|
1118.00 | 1094.60 | 66.3 | ▲ Bull |
| 6 | SAILTOP | 206.20 | +1.16% | — | 205.00 | 198.35 | 6.65 | 3.26% | 6.43 | 6.92 |
3.9%
|
205.00 | 198.35 | 63.5 | ▲ Bull |
| 7 | NATIONALUMTOP | 416.20 | +3.28% | — | 417.90 | 405.10 | 12.80 | 3.08% | 9.09 | 9.54 |
-34.2%
|
417.90 | 405.10 | 65.1 | ▲ Bull |
| 8 | VEDLTOP | 344.90 | +3.73% | — | 348.50 | 332.15 | 16.35 | 4.74% | 7.21 | 8.53 |
-91.7%
|
348.50 | 332.15 | 73.1 | ▼ Bear |
| 9 | ADANIENTTOP | 2969.30 | +4.20% | — | 2979.40 | 2825.00 | 154.40 | 5.20% | 69.83 | 69.88 |
-121.0%
|
2979.40 | 2825.00 | 79.3 | ▲ 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.