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 | SUNPHARMATOP | 1973.70 | +1.68% | NR4 | 1959.80 | 1934.80 | 25.00 | 1.29% | 27.60 | 25.87 |
3.4%
|
1959.80 | 1934.80 | 64.8 | ▲ Bull |
| 2 | DIVISLABTOP | 7414.00 | +2.28% | — | 7280.00 | 7177.00 | 103.00 | 1.42% | 140.00 | 132.08 |
22.0%
|
7280.00 | 7177.00 | 79.5 | ▲ Bull |
| 3 | LUPINTOP | 2410.00 | +1.67% | — | 2388.40 | 2340.00 | 48.40 | 2.04% | 65.03 | 59.13 |
18.1%
|
2388.40 | 2340.00 | 41.2 | — Neut |
| 4 | AUROPHARMATOP | 1547.60 | +1.02% | — | 1541.00 | 1512.00 | 29.00 | 1.89% | 38.62 | 34.42 |
15.7%
|
1541.00 | 1512.00 | 43.1 | ▲ Bull |
| 5 | ZYDUSLIFETOP | 1108.20 | -0.05% | — | 1119.60 | 1099.00 | 20.60 | 1.86% | 21.35 | 21.10 |
2.4%
|
1119.60 | 1099.00 | 32.6 | — Neut |
| 6 | DRREDDYTOP | 1151.00 | -0.06% | — | 1166.30 | 1131.40 | 34.90 | 3.03% | 38.15 | 32.42 |
-7.6%
|
1166.30 | 1131.40 | 9.4 | ▼ Bear |
| 7 | GLENMARKTOP | 2196.00 | +0.18% | — | 2248.80 | 2182.00 | 66.80 | 3.05% | 48.80 | 47.83 |
-39.7%
|
2248.80 | 2182.00 | 36.9 | ▼ Bear |
| 8 | CIPLATOP | 1409.40 | -0.09% | — | 1444.80 | 1390.10 | 54.70 | 3.88% | 41.27 | 35.42 |
-54.4%
|
1444.80 | 1390.10 | 37.2 | — 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.