RY (Royal Bank of Canada) Favors Rally To 187.25 or Higher

Royal Bank of Canada., (RY) operates as diversified financial service company worldwide. It operates through personal finance, commercial banking, wealth management & Insurance segments. It comes under Financial services sector & trades as “RY” ticker at NYSE.

RY extends rally from April-2025 low as nesting as it managed to erase the momentum divergence. It favors rally targeting $187.25 or higher as ((3)) of III. Short term pullback in 3, 7 or 11 swings provides buying opportunities at extreme area.

RY - Elliott Wave Latest Weekly View: 

Since March-2020 low as (II), it started rally in (III) in weekly. It placed I of (III) at $119.41 high in January-2022 & II at $77.90 in October-2023 low. Above there, it ended ((1)) of III at $128.05 high, ((2)) at $106.10 low & favors rally in ((3)) as nest from April-2025 low. Within ((1)), it ended (1) at $102.07 high, (2) at $93.97 low, (3) at $126.96 high, (4) at $120.26 low & (5) at $128.05 high. Within ((2)), it ended (A) at $117.63 low, (B) at $124.35 high & (C) at $106.10 low.

RY - Elliott Wave View From 11.10.2025: 

Above ((2)) low, it placed (1) of ((3)) at $134.26 high, (2) at $127.38 low & favors rally in (3) as broke the price channel. Within (3), it ended 1 at $149.26 high, 2 at $143.13 low & favors rally in 3 into $165.02 – $178.54 area before correcting in 4. We like to buy the pullback in 3, 7 or 11 swings at extreme area to continue rally within ((3)). As long as the momentum remains higher, it should see more upside as the part of (3) of ((3)). The ((3)) should extend towards $187.25 in 9 swings rally from April-2025 low before correcting in ((4)).

Source: https://elliottwave-forecast.c...