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 | POWERGRIDTOP | 288.85 | +0.23% | NR7 | 290.05 | 286.40 | 3.65 | 1.27% | 5.36 | 5.09 |
28.3%
|
290.05 | 286.40 | 57.0 | — Neut |
| 2 | BPCLTOP | 316.25 | +1.97% | — | 311.80 | 305.50 | 6.30 | 2.03% | 10.41 | 9.20 |
31.5%
|
311.80 | 305.50 | 52.3 | ▲ Bull |
| 3 | IOCTOP | 141.52 | +2.20% | — | 138.89 | 136.78 | 2.11 | 1.52% | 2.68 | 2.81 |
24.9%
|
138.89 | 136.78 | 48.6 | — Neut |
| 4 | NTPCTOP | 350.80 | +1.04% | — | 350.00 | 345.10 | 4.90 | 1.41% | 5.50 | 4.93 |
0.6%
|
350.00 | 345.10 | 46.1 | — Neut |
| 5 | HINDPETROTOP | 393.95 | +3.37% | — | 383.35 | 372.05 | 11.30 | 2.97% | 10.29 | 9.81 |
-15.2%
|
383.35 | 372.05 | 43.8 | — Neut |
| 6 | GAILTOP | 173.91 | +2.29% | — | 171.18 | 167.27 | 3.91 | 2.30% | 3.12 | 3.29 |
-18.8%
|
171.18 | 167.27 | 50.4 | ▲ Bull |
| 7 | RELIANCETOP | 1280.00 | +0.16% | — | 1283.40 | 1249.80 | 33.60 | 2.63% | 24.60 | 25.03 |
-34.2%
|
1283.40 | 1249.80 | 41.9 | ▼ Bear |
| 8 | ONGCTOP | 238.56 | -4.10% | — | 253.56 | 248.27 | 5.29 | 2.13% | 3.09 | 2.82 |
-87.6%
|
253.56 | 248.27 | 41.5 | ▼ 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.