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 | 945.25 | +0.26% | NR7 | 950.90 | 939.70 | 11.20 | 1.19% | 15.53 | 16.15 |
30.7%
|
950.90 | 939.70 | 36.4 | ▼ Bear |
| 2 | JSWSTEELTOP | 1244.60 | +0.31% | NR4 | 1245.00 | 1228.10 | 16.90 | 1.36% | 23.15 | 22.07 |
23.4%
|
1245.00 | 1228.10 | 49.5 | ▼ Bear |
| 3 | TATASTEELTOP | 184.25 | +0.86% | NR4 | 183.52 | 181.20 | 2.32 | 1.27% | 2.60 | 2.57 |
9.7%
|
183.52 | 181.20 | 37.1 | ▼ Bear |
| 4 | NATIONALUMTOP | 339.35 | -1.32% | — | 344.90 | 339.65 | 5.25 | 1.53% | 7.31 | 9.32 |
43.7%
|
344.90 | 339.65 | 47.4 | ▼ Bear |
| 5 | ADANIENTTOP | 3036.60 | +0.34% | — | 3041.90 | 2992.50 | 49.40 | 1.63% | 77.05 | 67.15 |
26.4%
|
3041.90 | 2992.50 | 42.5 | — Neut |
| 6 | BHARATFORGTOP | 2181.30 | +1.38% | — | 2169.00 | 2128.10 | 40.90 | 1.90% | 41.50 | 51.07 |
19.9%
|
2169.00 | 2128.10 | 60.8 | ▲ Bull |
| 7 | VEDLTOP | 264.65 | +0.00% | — | 266.05 | 260.10 | 5.95 | 2.25% | 7.35 | 7.40 |
19.6%
|
266.05 | 260.10 | 37.4 | ▼ Bear |
| 8 | JINDALSTELTOP | 1065.70 | +2.89% | — | 1042.70 | 1021.00 | 21.70 | 2.09% | 19.73 | 19.58 |
-10.8%
|
1042.70 | 1021.00 | 59.7 | — Neut |
| 9 | SAILTOP | 162.62 | +0.72% | — | 162.80 | 158.01 | 4.79 | 2.97% | 3.50 | 3.54 |
-35.3%
|
162.80 | 158.01 | 42.8 | ▼ 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.