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 | INFYTOP | 1146.50 | +2.08% | NR7 | 1146.50 | 1125.20 | 21.30 | 1.86% | 71.41 | 56.51 |
62.3%
|
1146.50 | 1125.20 | 73.5 | ▲ Bull |
| 2 | MPHASISTOP | 2518.00 | -1.69% | NR7 | 2562.00 | 2501.70 | 60.30 | 2.35% | 118.05 | 110.52 |
45.4%
|
2562.00 | 2501.70 | 61.8 | ▲ Bull |
| 3 | TCSTOP | 2478.00 | +0.73% | NR7 | 2509.50 | 2464.00 | 45.50 | 1.84% | 72.12 | 66.55 |
31.6%
|
2509.50 | 2464.00 | 78.4 | ▲ Bull |
| 4 | TECHMTOP | 1790.80 | +1.20% | NR7 | 1800.00 | 1760.50 | 39.50 | 2.23% | 57.22 | 55.48 |
28.8%
|
1800.00 | 1760.50 | 74.8 | ▲ Bull |
| 5 | COFORGETOP | 2045.00 | +4.23% | NR4 | 1978.50 | 1939.00 | 39.50 | 2.01% | 104.40 | 90.30 |
56.3%
|
1978.50 | 1939.00 | 69.8 | ▲ Bull |
| 6 | LTMTOP | 4249.80 | +3.79% | NR4 | 4155.90 | 4062.20 | 93.70 | 2.29% | 173.85 | 151.87 |
38.3%
|
4155.90 | 4062.20 | 58.1 | — Neut |
| 7 | HCLTECHTOP | 1403.90 | +0.24% | — | 1421.90 | 1391.10 | 30.80 | 2.19% | 38.90 | 37.07 |
16.9%
|
1421.90 | 1391.10 | 89.7 | ▲ Bull |
| 8 | WIPROTOP | 190.10 | +3.04% | — | 190.45 | 185.43 | 5.02 | 2.64% | 5.25 | 5.15 |
2.5%
|
190.45 | 185.43 | 83.3 | ▲ 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.