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 | LTMTOP | 4061.60 | +1.83% | NR7 | 4023.00 | 3961.50 | 61.50 | 1.54% | 107.15 | 123.80 |
50.3%
|
4023.00 | 3961.50 | 37.4 | ▼ Bear |
| 2 | INFYTOP | 1159.90 | -0.67% | NR7 | 1167.30 | 1155.00 | 12.30 | 1.06% | 20.20 | 23.20 |
47.0%
|
1167.30 | 1155.00 | 45.9 | ▼ Bear |
| 3 | HCLTECHTOP | 1165.20 | +0.28% | — | 1169.80 | 1153.70 | 16.10 | 1.38% | 15.78 | 21.28 |
24.3%
|
1169.80 | 1153.70 | 45.8 | ▼ Bear |
| 4 | TECHMTOP | 1480.70 | +1.72% | — | 1479.00 | 1451.10 | 27.90 | 1.92% | 29.15 | 36.60 |
23.8%
|
1479.00 | 1451.10 | 52.9 | ▲ Bull |
| 5 | TCSTOP | 2284.20 | +0.35% | — | 2295.60 | 2260.90 | 34.70 | 1.52% | 35.60 | 41.18 |
15.7%
|
2295.60 | 2260.90 | 28.4 | ▼ Bear |
| 6 | MPHASISTOP | 2271.90 | +1.75% | — | 2288.30 | 2224.10 | 64.20 | 2.88% | 52.20 | 64.43 |
0.4%
|
2288.30 | 2224.10 | 57.2 | — Neut |
| 7 | COFORGETOP | 1421.80 | +2.41% | — | 1433.40 | 1382.20 | 51.20 | 3.69% | 40.38 | 49.83 |
-2.7%
|
1433.40 | 1382.20 | 56.8 | ▲ Bull |
| 8 | WIPROTOP | 201.58 | -1.06% | — | 205.99 | 200.20 | 5.79 | 2.87% | 5.09 | 4.98 |
-16.3%
|
205.99 | 200.20 | 58.5 | — 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.