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 | HCLTECHTOP | 1295.90 | +1.96% | — | 1248.80 | 1228.80 | 20.00 | 1.61% | 22.98 | 26.38 |
24.2%
|
1248.80 | 1228.80 | 73.2 | ▲ Bull |
| 2 | WIPROTOP | 178.53 | +0.80% | — | 175.56 | 173.31 | 2.25 | 1.29% | 2.30 | 2.31 |
2.6%
|
175.56 | 173.31 | 56.7 | — Neut |
| 3 | INFYTOP | 1079.20 | +3.68% | — | 1058.50 | 1032.00 | 26.50 | 2.53% | 23.95 | 21.72 |
-22.0%
|
1058.50 | 1032.00 | 49.7 | — Neut |
| 4 | TCSTOP | 2295.60 | +1.83% | — | 2250.00 | 2193.60 | 56.40 | 2.51% | 41.35 | 44.42 |
-27.0%
|
2250.00 | 2193.60 | 72.7 | — Neut |
| 5 | TECHMTOP | 1575.00 | +0.99% | — | 1579.80 | 1531.10 | 48.70 | 3.12% | 32.33 | 36.85 |
-32.2%
|
1579.80 | 1531.10 | 77.6 | ▲ Bull |
| 6 | COFORGETOP | 1528.40 | +2.94% | — | 1489.00 | 1430.00 | 59.00 | 3.97% | 36.80 | 40.45 |
-45.9%
|
1489.00 | 1430.00 | 50.4 | ▲ Bull |
| 7 | LTMTOP | 4190.80 | +2.42% | — | 4102.40 | 3937.00 | 165.40 | 4.04% | 85.35 | 96.70 |
-71.0%
|
4102.40 | 3937.00 | 70.8 | — Neut |
| 8 | MPHASISTOP | 2332.70 | +1.95% | — | 2340.00 | 2192.10 | 147.90 | 6.46% | 77.15 | 68.37 |
-116.3%
|
2340.00 | 2192.10 | 48.7 | ▲ 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.