Chart Check: After 10% rally in a month, this hospital stock breaks out from rounding bottom pattern

Apollo Hospitals saw a 10% rally in a month after breaking out from a rounding bottom pattern on the weekly charts. The breakout has paved the way for the stock to rise towards Rs 5,600 in the short-term. The stock recently hit a fresh 52-week high of Rs 5,008 and has risen over 13% in the past three months. The Relative Strength Index shows that the stock may show a pullback, while the MACD is a bullish indicator. The stock is now trading well above most of the short- and long-term moving averages.