Eli Lilly & Company (LLY): Buyers looking for rally between $1144.4 – $1196.17

Elliott Wave Forecast Team ElliottWave-Forecast.com

Eli Lilly & Company (LLY) discovers, develops & markets human pharmaceuticals worldwide. It comes under Healthcare sector & trades as “LLY” ticket at NYSE.

As discussed in last article, LLY favors rally in ((3)) of impulse I within August-2025 rally. It favors upside between $1144.39 – $1196.17 area, while above 12.10.2025 low to finish ((3)).

LLY – Elliott Wave latest daily view

In weekly, it favors bullish impulse sequence as trading to ATH. It placed (II) at $64.18 low in November-2016, (III) at $937.96 high in August-2024 & (IV) at $623.78 low in August-2025 low. Within (III), it placed I at $129.48 high, II at $101.36 low, III at $966.10 high, IV at $775.81 low & V at $937.96 high. The wave III of (III) was extended nested wave showing highest momentum. The (IV) pullback was double correction. It placed w at $711.40 low, x at $935.63 high & y at $623.78 low. Each degree further subdivided in 3 or 7 swings.

LLY – Elliott Wave latest weekly view

Above $623.78 low, it favors rally in I of (V). It placed ((1)) of I at $776.96 high, ((2)) at $712.05 low & favors rally in ((3)) in proposed 9 swings rally. Within ((3)), it ended (1) at $864.35 high, (2) at $783.85 low, (3) at $1111.99 high, (4) at $977.12 low & favors upside in (5) into $1144.39 – $1196.17 area. It is about to end the first leg of (5) & correct soon in second leg before resume upside. It favors rally in seventh swing from 12.10.2025 low & expect two more highs to end the I rally showing in weekly sequence above $1188 before correcting next. We like to buy the pullback in clear 3, 7 or 11 swings correction in ((4)) or later in II of (V) against 8.08.2025 low.

LLY – Elliott Wave view from 11.24.2025

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

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