Zscaler Stock: Where Is It Headed After The Strong Rally?

Core Insights - Zscaler (ZS) is currently in the 10th Phase of its 18 Phase Adhishthana Cycle, having rallied approximately 33% since entering this phase [1] - The stock has shown a 66.66% alignment with the Adhishthana Principles, a framework for forecasting stock behavior through cyclical analysis [1] Phase Analysis - In Phase 2, Zscaler experienced a consolidation range with a bearish tilt for 37 bars, followed by a sharp bullish rally of roughly 225%, termed the Rally of Buddhi [2][4] - Phase 4 began at $191.14, with the stock reaching a high of $376.11, but this rally was deemed illusory, leading to a renunciation phase in Phase 5 where Zscaler dropped below the Phase 4 low of $125.12 [5] - Phase 6 established a Level of Nirvana at $146.93, which now serves as a key valuation barometer during bearish phases [7] Current and Future Outlook - Zscaler is in Phase 10, which often marks the beginning of an ascent towards the Adhishthana Himalayan Formation, with expectations of a peak formation occurring between the 18th and 23rd bars of Phase 10, translating to a window between 2 September and 12 October 2025 [10] - On the monthly timeframe, Zscaler is in Phase 2, having begun a classic Rally of Buddhi after consolidating for 38 bars, with this phase scheduled to end on 31 January 2028 [13] Investor Considerations - Zscaler did not deliver a significant move in Phase 9 on the weekly charts, which is typically expected, and its weekly alignment percentage is lower compared to some peers [16] - The company remains a strong hold, with investors advised to monitor the period from 2 September to 12 October 2025 for potential peak formation in Phase 10 [17]