Technical Radar: These Three Stocks Are Approaching Make-Or-Break Level, Says SEBI RA Rajneesh Sharma

In range-bound markets, technical structures can offer much-needed clarity. Stocks trading near the bottom of their regression channels often signal turning points. SEBI-registered analyst Rajneesh Sharma highlights three stocks that appear to be at key inflection zones.

Mankind Pharma

Mankind Pharma has been moving within a broad ascending channel since early 2023, marked by consistently hitting higher highs and higher lows, Sharma said.

The stock is now nearing the lower end of this channel, which aligns closely with support at ₹2,295, a level that has acted as resistance in July 2023 and February 2024 and as support in May and July 2025.

Recent price action has shown hesitation near support, as small-bodied candles with long wicks indicate possible accumulation, Sharma said. Although there hasn’t been a clear bullish reversal yet, the lack of a breakdown is a positive signal.

A close below ₹2,295 could challenge the trend structure, but holding above it may lead to a rebound toward the ₹2,600 - ₹2,800 resistance zone, a 10.6% premium to the current trading price of ₹2,534.70.

At the time of writing, Mankind Pharma stock is up 4.2%, having lost over 12% year-to-date (YTD).

Danish Power

Danish Power continues to trade within a disciplined rising channel. The recent correction brought the stock down to a key horizontal support at ₹1,041.05, which aligns with the mid-to-lower section of the trend channel, the analyst noted.

The ₹1,041 level has served as a pivot since April, and the stock has shown respect for the trend channel, despite occasional volatility. However, volume remains muted, which should make traders cautious, he added.

As long as the price remains above ₹1,041, the uptrend remains valid, and a move above ₹1,080 could lead to a test of the ₹1,186 zone, representing a 10% upside.

At the time of writing, Danish Power shares were up 2% to ₹1,057. It has shed more than 5% YTD.

Everest Kanto Cylinder

Everest Kanto is currently testing a multi-year rising trendline from mid-2020, while a bullish divergence on the weekly Relative Strength Index (RSI), an early signal of trend reversal.

Momentum appears to be stabilizing, with the weekly RSI crossing above the 50 mark, indicating a strong upside potential. The price is hovering near the minor resistance at ₹145, and a breakout above ₹150 could confirm a shift in trend.

If the stock fails to hold the trendline, however, ₹115 would be the final technical support before the risk of a deeper pullback.

Everest Kanto shares were trading 0.6% lower at ₹142.21, with YTD losses at 23.30%.

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