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 | RELIANCETOP | 1263.00 | -0.45% | NR4 | 1267.40 | 1253.00 | 14.40 | 1.14% | 19.40 | 20.13 |
28.5%
|
1267.40 | 1253.00 | 37.1 | ▼ Bear |
| 2 | GAILTOP | 174.10 | +0.00% | — | 175.18 | 173.01 | 2.17 | 1.25% | 3.02 | 2.85 |
23.9%
|
175.18 | 173.01 | 50.7 | — Neut |
| 3 | NTPCTOP | 331.60 | -0.72% | — | 336.25 | 331.60 | 4.65 | 1.40% | 4.30 | 4.17 |
-11.5%
|
336.25 | 331.60 | 34.9 | ▼ Bear |
| 4 | 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 |
| 5 | IOCTOP | 135.71 | +0.53% | — | 136.16 | 133.25 | 2.91 | 2.14% | 2.48 | 2.06 |
-41.3%
|
136.16 | 133.25 | 40.9 | ▼ Bear |
| 6 | BPCLTOP | 305.15 | +0.66% | — | 306.45 | 296.00 | 10.45 | 3.42% | 7.64 | 6.71 |
-55.7%
|
306.45 | 296.00 | 41.6 | ▼ Bear |
| 7 | HINDPETROTOP | 353.75 | +0.51% | — | 354.90 | 340.10 | 14.80 | 4.18% | 7.89 | 6.72 |
-120.2%
|
354.90 | 340.10 | 31.0 | ▼ Bear |
| 8 | ONGCTOP | 233.55 | -1.35% | — | 243.16 | 233.13 | 10.03 | 4.29% | 4.61 | 3.85 |
-160.5%
|
243.16 | 233.13 | 44.0 | ▼ 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.