How about following approach:
Sort the link list in ascending order by following any standard algorithms.
Before sort: 4-2-6-1-5
After Sort: 1-2-4-5-6
Once sorted, check for each node data and compare with link node's data, something like this:
if(currentcode->data > currentnode->link->data)
i.e. circular = true;
At any comparison, if any of "currentnode->data" is greater than "currentcode->link->data" for a sorted link list, it means current node is pointed to some previous node(i.e circular);
Guys, i dont have setup to test the code.Let me now if this concept works.