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 | GAILTOP | 165.74 | +0.75% | NR7 | 169.65 | 167.21 | 2.44 | 1.44% | 6.36 | 5.98 |
59.2%
|
169.65 | 167.21 | 47.3 | ▲ Bull |
| 2 | RELIANCETOP | 1323.20 | +0.15% | NR7 | 1361.00 | 1348.60 | 12.40 | 0.92% | 18.55 | 25.02 |
50.4%
|
1361.00 | 1348.60 | 25.1 | ▼ Bear |
| 3 | BPCLTOP | 299.00 | +0.30% | — | 308.45 | 302.15 | 6.30 | 2.05% | 5.25 | 7.25 |
13.1%
|
308.45 | 302.15 | 47.3 | ▼ Bear |
| 4 | HINDPETROTOP | 388.80 | -1.28% | — | 404.20 | 393.20 | 11.00 | 2.73% | 7.36 | 9.84 |
-11.8%
|
404.20 | 393.20 | 52.6 | ▲ Bull |
| 5 | IOCTOP | 139.94 | -0.21% | — | 144.85 | 141.42 | 3.43 | 2.38% | 2.50 | 3.06 |
-12.1%
|
144.85 | 141.42 | 44.7 | ▼ Bear |
| 6 | POWERGRIDTOP | 288.55 | -0.69% | — | 301.25 | 292.00 | 9.25 | 3.08% | 5.26 | 5.46 |
-69.4%
|
301.25 | 292.00 | 29.1 | ▼ Bear |
| 7 | ONGCTOP | 264.90 | -0.19% | — | 284.20 | 272.45 | 11.75 | 4.29% | 6.04 | 6.15 |
-91.1%
|
284.20 | 272.45 | 39.5 | — Neut |
| 8 | NTPCTOP | 379.85 | -1.82% | — | 403.10 | 390.35 | 12.75 | 3.20% | 5.34 | 6.23 |
-104.7%
|
403.10 | 390.35 | 36.1 | — 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.