良

liang

good

it is good (dot!) to be tough, firm, stable

氵

shui

浪

lang

wave

water (shui) + good (liang)

waves or ripples have a good effect on water

犭

quan

狼

lang

wolf

wolves like dogs possess a good sense of what to do

女

nu

female, woman

娘

niang

young lady

woman (nu) + good (liang)

good time in a woman's life is as young lady; it is honorific character when addressing older lady like mother