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 | MPHASISTOP | 2295.00 | +0.17% | NR7 | 2309.20 | 2273.30 | 35.90 | 1.56% | 46.57 | 54.83 |
34.5%
|
2309.20 | 2273.30 | 34.1 | — Neut |
| 2 | LTMTOP | 4312.00 | -0.14% | — | 4366.80 | 4281.30 | 85.50 | 1.98% | 118.47 | 109.98 |
22.3%
|
4366.80 | 4281.30 | 36.9 | — Neut |
| 3 | INFYTOP | 1038.00 | +0.57% | — | 1047.30 | 1029.70 | 17.60 | 1.70% | 23.20 | 22.60 |
22.1%
|
1047.30 | 1029.70 | 31.0 | ▼ Bear |
| 4 | HCLTECHTOP | 1212.30 | +1.11% | — | 1223.40 | 1195.70 | 27.70 | 2.28% | 31.95 | 34.17 |
18.9%
|
1223.40 | 1195.70 | 30.6 | — Neut |
| 5 | WIPROTOP | 167.32 | +0.73% | — | 167.75 | 165.16 | 2.59 | 1.55% | 2.89 | 2.71 |
4.4%
|
167.75 | 165.16 | 29.4 | ▼ Bear |
| 6 | COFORGETOP | 1854.10 | +1.29% | — | 1858.60 | 1807.30 | 51.30 | 2.77% | 58.10 | 52.68 |
2.6%
|
1858.60 | 1807.30 | 47.8 | — Neut |
| 7 | TECHMTOP | 1538.90 | +1.14% | — | 1557.30 | 1518.60 | 38.70 | 2.51% | 39.10 | 37.75 |
-2.5%
|
1557.30 | 1518.60 | 42.5 | — Neut |
| 8 | TCSTOP | 2207.90 | +0.39% | — | 2232.60 | 2185.50 | 47.10 | 2.13% | 38.88 | 42.42 |
-11.0%
|
2232.60 | 2185.50 | 40.9 | ▼ 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.