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 | HINDPETROTOP | 339.00 | -0.96% | NR7 | 341.90 | 336.70 | 5.20 | 1.53% | 11.01 | 11.22 |
53.7%
|
341.90 | 336.70 | 59.9 | ▼ Bear |
| 2 | ONGCTOP | 225.79 | +0.40% | NR4 | 227.69 | 224.42 | 3.27 | 1.45% | 4.14 | 3.76 |
13.0%
|
227.69 | 224.42 | 58.0 | ▼ Bear |
| 3 | BPCLTOP | 283.90 | -1.83% | — | 287.65 | 283.40 | 4.25 | 1.49% | 7.46 | 8.67 |
51.0%
|
287.65 | 283.40 | 47.3 | ▼ Bear |
| 4 | RELIANCETOP | 1159.00 | -0.72% | — | 1174.60 | 1152.50 | 22.10 | 1.90% | 30.75 | 30.88 |
28.4%
|
1174.60 | 1152.50 | 48.5 | ▼ Bear |
| 5 | IOCTOP | 130.41 | +0.20% | — | 130.15 | 128.12 | 2.03 | 1.56% | 2.38 | 2.76 |
26.4%
|
130.15 | 128.12 | 62.8 | ▼ Bear |
| 6 | GAILTOP | 165.17 | +0.24% | — | 170.70 | 165.50 | 5.20 | 3.10% | 4.21 | 4.47 |
-16.3%
|
170.70 | 165.50 | 52.6 | ▼ Bear |
| 7 | NTPCTOP | 310.50 | +2.22% | — | 318.00 | 308.15 | 9.85 | 3.11% | 7.75 | 7.83 |
-25.8%
|
318.00 | 308.15 | 55.0 | ▼ Bear |
| 8 | POWERGRIDTOP | 260.00 | +3.42% | — | 262.50 | 250.80 | 11.70 | 4.50% | 6.26 | 6.11 |
-91.5%
|
262.50 | 250.80 | 76.0 | — 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.