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 | TATASTEELTOP | 169.46 | +0.11% | NR7 | 169.65 | 167.91 | 1.74 | 1.03% | 4.88 | 4.89 |
64.4%
|
169.65 | 167.91 | 36.8 | ▼ Bear |
| 2 | NATIONALUMTOP | 323.50 | +0.00% | NR7 | 323.60 | 319.05 | 4.55 | 1.41% | 12.31 | 11.43 |
60.2%
|
323.60 | 319.05 | 49.2 | — Neut |
| 3 | JSWSTEELTOP | 1248.00 | -0.59% | NR7 | 1255.60 | 1233.20 | 22.40 | 1.78% | 44.77 | 41.90 |
46.5%
|
1255.60 | 1233.20 | 65.8 | — Neut |
| 4 | SAILTOP | 159.44 | -0.97% | NR7 | 164.39 | 160.12 | 4.27 | 2.65% | 7.84 | 7.09 |
39.8%
|
164.39 | 160.12 | 33.1 | ▼ Bear |
| 5 | HINDALCOTOP | 886.30 | -0.83% | — | 893.40 | 880.00 | 13.40 | 1.51% | 21.59 | 22.57 |
40.6%
|
893.40 | 880.00 | 44.9 | ▼ Bear |
| 6 | JINDALSTELTOP | 1060.00 | +1.14% | — | 1062.90 | 1042.30 | 20.60 | 1.94% | 27.35 | 29.65 |
30.5%
|
1062.90 | 1042.30 | 64.1 | — Neut |
| 7 | VEDLTOP | 234.55 | +0.64% | — | 237.80 | 232.00 | 5.80 | 2.47% | 7.09 | 8.05 |
28.0%
|
237.80 | 232.00 | 26.2 | ▼ Bear |
| 8 | BHARATFORGTOP | 1766.30 | +0.36% | — | 1768.00 | 1725.00 | 43.00 | 2.43% | 51.08 | 52.27 |
17.7%
|
1768.00 | 1725.00 | 33.5 | ▼ Bear |
| 9 | ADANIENTTOP | 2607.90 | +5.17% | — | 2628.60 | 2473.10 | 155.50 | 5.96% | 75.60 | 80.08 |
-94.2%
|
2628.60 | 2473.10 | 45.1 | ▼ 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.