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 | SBINTOP | 971.90 | +1.58% | NR7 | 971.85 | 959.60 | 12.25 | 1.27% | 17.89 | 18.97 |
35.4%
|
971.85 | 959.60 | 51.0 | — Neut |
| 2 | KOTAKBANKTOP | 459.00 | +4.32% | — | 462.90 | 457.05 | 5.85 | 1.27% | 10.14 | 10.17 |
42.5%
|
462.90 | 457.05 | 64.5 | ▲ Bull |
| 3 | BANKBARODATOP | 241.31 | +4.09% | — | 242.85 | 238.31 | 4.54 | 1.90% | 5.13 | 5.25 |
13.5%
|
242.85 | 238.31 | 52.9 | — Neut |
| 4 | ICICIBANKTOP | 1386.60 | +0.65% | — | 1404.90 | 1383.30 | 21.60 | 1.55% | 22.62 | 23.67 |
8.7%
|
1404.90 | 1383.30 | 60.4 | ▲ Bull |
| 5 | AXISBANKTOP | 1225.00 | +0.41% | — | 1227.70 | 1209.20 | 18.50 | 1.52% | 19.73 | 20.20 |
8.4%
|
1227.70 | 1209.20 | 38.5 | ▼ Bear |
| 6 | PNBTOP | 122.51 | -1.12% | — | 125.09 | 122.48 | 2.61 | 2.12% | 2.80 | 2.73 |
4.4%
|
125.09 | 122.48 | 62.8 | ▲ Bull |
| 7 | HDFCBANKTOP | 683.30 | -0.29% | — | 695.50 | 680.85 | 14.65 | 2.11% | 12.00 | 12.03 |
-21.8%
|
695.50 | 680.85 | 42.6 | ▼ Bear |
| 8 | INDUSINDBKTOP | 868.00 | +2.00% | — | 870.00 | 838.00 | 32.00 | 3.82% | 21.96 | 21.68 |
-47.6%
|
870.00 | 838.00 | 44.1 | ▼ 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.