Five Breakout Stocks To Watch: SEBI RA Rohit Mehta Sees A Potential Rally This Week

The charts of several mid and small-cap stocks are flashing bullish signals this week, and traders are on the lookout for possible breakout opportunities.

According to SEBI-registered analyst Rohit Mehta, five stocks emerged as breakout candidates based on their price action, volume patterns, and immediate resistance levels.

His calls highlight setups supported by classical chart formations, such as the Cup & Handle, and long-term trendline breaks.

Jeena Sikho Lifecare 

Jeena Sikho Lifecare is testing its supply zone near ₹500 with a Cup & Handle pattern forming on the daily chart. 

Mehta noted a strong price recovery and volume surge, adding that a breakout above ₹500 could confirm upside momentum.

SML Isuzu

SML Isuzu has already cleared resistance near ₹2,000, accompanied by a sharp volume spike. Mehta said sustaining above ₹2,100 may unlock further upside potential.

Innovana

Innovana has broken above the ₹525–₹540 supply zone after consolidating for months. 

Mehta described the move as a clean breakout and flagged the ₹540–₹560 range as a potential retest entry.

CESC

CESC broke out of a long-term falling trendline and the ₹170–₹172 resistance zone. 

Mehta said the price action resembles a Cup pattern and advised watching the zone closely for a possible retest entry.

Sai Life Sciences

Sai Life Sciences moved out of a prolonged consolidation phase with a breakout above ₹785. 

Mehta said the former resistance could now act as support and pointed to strong volume as confirmation of the move.

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