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 | INDUSINDBKTOP | 1006.65 | +1.06% | NR4 | 1003.45 | 984.05 | 19.40 | 1.95% | 30.27 | 25.96 |
25.3%
|
1003.45 | 984.05 | 46.5 | ▲ Bull |
| 2 | SBINTOP | 1020.60 | +0.55% | — | 1017.80 | 1000.80 | 17.00 | 1.67% | 23.18 | 20.18 |
15.8%
|
1017.80 | 1000.80 | 44.6 | — Neut |
| 3 | PNBTOP | 111.62 | +1.12% | — | 110.64 | 108.71 | 1.93 | 1.75% | 2.63 | 2.21 |
12.7%
|
110.64 | 108.71 | 68.6 | ▲ Bull |
| 4 | KOTAKBANKTOP | 384.65 | -0.03% | — | 386.50 | 378.60 | 7.90 | 2.05% | 8.16 | 8.91 |
11.3%
|
386.50 | 378.60 | 52.2 | ▼ Bear |
| 5 | HDFCBANKTOP | 739.55 | -0.44% | — | 748.25 | 737.25 | 11.00 | 1.48% | 11.65 | 12.22 |
10.0%
|
748.25 | 737.25 | 20.8 | ▼ Bear |
| 6 | AXISBANKTOP | 1227.50 | +0.02% | — | 1233.90 | 1210.60 | 23.30 | 1.90% | 26.50 | 25.02 |
6.9%
|
1233.90 | 1210.60 | 24.3 | ▼ Bear |
| 7 | ICICIBANKTOP | 1445.70 | +0.89% | — | 1440.00 | 1415.40 | 24.60 | 1.72% | 26.30 | 26.35 |
6.6%
|
1440.00 | 1415.40 | 59.5 | ▲ Bull |
| 8 | BANKBARODATOP | 244.00 | -0.99% | — | 247.10 | 239.25 | 7.85 | 3.19% | 6.77 | 5.51 |
-42.5%
|
247.10 | 239.25 | 46.2 | ▼ 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.