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 | TCSTOP | 2502.60 | +0.99% | NR7 | 2527.70 | 2494.20 | 33.50 | 1.34% | 56.55 | 64.67 |
48.2%
|
2527.70 | 2494.20 | 78.4 | ▲ Bull |
| 2 | INFYTOP | 1185.00 | +3.36% | — | 1185.00 | 1147.90 | 37.10 | 3.13% | 36.80 | 56.23 |
34.0%
|
1185.00 | 1147.90 | 73.5 | ▲ Bull |
| 3 | MPHASISTOP | 2525.60 | -1.39% | — | 2591.30 | 2516.60 | 74.70 | 2.96% | 104.25 | 105.73 |
29.3%
|
2591.30 | 2516.60 | 61.8 | ▲ Bull |
| 4 | TECHMTOP | 1790.80 | +1.20% | — | 1813.40 | 1773.60 | 39.80 | 2.22% | 50.90 | 54.62 |
27.1%
|
1813.40 | 1773.60 | 74.8 | ▲ Bull |
| 5 | LTMTOP | 4233.50 | +3.39% | — | 4257.00 | 4109.50 | 147.50 | 3.48% | 126.55 | 152.00 |
3.0%
|
4257.00 | 4109.50 | 58.1 | — Neut |
| 6 | COFORGETOP | 2045.00 | +4.23% | — | 2061.80 | 1972.00 | 89.80 | 4.39% | 88.67 | 90.57 |
0.9%
|
2061.80 | 1972.00 | 69.8 | ▲ Bull |
| 7 | HCLTECHTOP | 1428.10 | +1.72% | — | 1452.00 | 1410.00 | 42.00 | 2.94% | 33.48 | 36.50 |
-15.1%
|
1452.00 | 1410.00 | 89.7 | ▲ Bull |
| 8 | WIPROTOP | 198.31 | +4.32% | — | 198.31 | 190.80 | 7.51 | 3.79% | 4.34 | 4.99 |
-50.5%
|
198.31 | 190.80 | 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.