Eli Lilly & Company (LLY) favors rally targeting 1188

Eli Lilly & Company (LLY) discovers, develops & markets human pharmaceuticals worldwide. It comes under Healthcare sector & trades as “LLY” ticket at NYSE.
LLY is bullish in weekly & favors rally in (V) against 8.08.2025 low. It should extend rally towards 1054.6 – 1187.8 area within cycle from August low in 9 swings impulse. Buyers can enter the market in 3, 7 or 11 swings pullback, when reaching extreme area.

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 $770.38 low, ((2)) at $712.05 low & favors upside in ((3)). Within ((3)), it ended (1) at $864.35 high, (2) at $783.85 low & favors upside in (3). The (3) expects to extend towards 1085.9 before it may pullback in (4). It favors rally in 9 swings & expects two more swings after pullback start in (4). Buyers can enter the extreme area in pullback in 3, 7 or 11 swings against 10.17.2025 low. Next better opportunity can be II pullback after ending 9 swings impulse in I from August-2025 low.

LLY – Elliott Wave latest daily view