Wide-Range Down Bar (Range 2x ATR, Close Near Low)
A red candle whose high-low range is at least 2x the average true range and which closes in the bottom 20% of that range. A decisive selling day. Liquid stocks only (Rs 5 Cr+).
About This Scan
A wide-range bar is a candle far bigger than the stock's normal daily movement. When it is red and closes near its low, sellers dominated the whole session. This scan lists NSE stocks whose latest candle has a high-low range of at least twice the average true range (ATR), closes in the bottom 20% of that range and is red, on Rs 5 Cr of last-session turnover. It finds decisive selling days, often on news or breakdowns. The mirror scan is Wide-Range Up Bar. For a no-direction view, see Volatility Expansion.
Scan Rules
Stock passes all of the below filters in the ALL segment using 1D candles:
- 1.Candle Range vs ATR (x) greater than or equal to 2
- 2.Close Location in Range % less than or equal to 20
- 3.Close less than Open
- 4.Traded Value (Rs lakh) greater than or equal to 500
Last Session Sample
As of 2026-11-06, 13 stocks passed every rule. The 5 below are the strongest movers on the list.
| Symbol | Close | Change vs previous close |
|---|---|---|
| SUPRIYA | 695.8 | -19.99% |
| EBGNG | 584.35 | -19.9% |
| NACLIND | 117.21 | -12.67% |
| RATEGAIN | 726.35 | -11.36% |
| HAPPYFORGE | 1694.5 | -10% |
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How To Use This Scan
- •Find the reason: results, news, a gap or a breakdown. A wide bar with a catalyst behaves differently from one without.
- •The high of the bar is the usual stop reference, but it is far away, so size the position to it.
- •A wide bar often needs a few days to digest. Look for a tight pause below the bar's midpoint. This scan has not been back-tested for an edge.
Frequently Asked Questions
What is the ATR?
The average true range, the stock's typical high-low movement per candle. A candle of 2x ATR is twice as big as usual.
Why close in the bottom 20%?
It means price stayed near the low, not that it dipped and recovered.
Does it work on intraday charts?
Yes. On intraday intervals the candle is compared with the ATR of that interval, so many more candles qualify.