IHSG Continues Downward Trend; Five Analyst-Recommended Stocks with Profit Potential

Jakarta, VIVA - The Indonesian Composite Stock Index (IHSG) is projected to continue its correction trend at the beginning of the week on Monday, 9 March 2026. The IHSG closed sharply lower at 1.62 per cent to the level of 7,585.68 in trading on Friday, 6 March 2026.

Analyst Ivan Rosanova from Binaartha Securities stated that the ideal reduction target based on the structure of the uptrend previously formed is at the level of 7,140. According to him, this level needs to be monitored as a possible buying opportunity or a sign of market reversal.

“The IHSG is almost certain to continue its downward trend from wave (c) with the nearest support to be tested at the level of 7,391,” said Ivan in his daily research on Monday, 9 March 2026.

The IHSG support points are located in the areas of 7,391, 7,140 and 6,691. Meanwhile, the resistance points are at the levels of 7,897, 8,246 and 8,527.

Furthermore, Ivan estimates that a number of listed companies are showing solid performance in today’s trading. The following are five potential profit-generating stock recommendations that are interesting for investors to monitor.

PT Bank Central Asia Tbk (BBCA)

• Recommendation: Trading Buy

• Buying Area: 6,600-6,750

• Price Target: 7,375

PT Bank Rakyat Indonesia (Persero) Tbk (BBRI)

• Recommendation: Trading Buy

• Buying Area: 3,550-3,610

• Price Target: 3,780

PT Bank Mandiri (Persero) Tbk (BMRI)

• Recommendation: Accumulative Buy

• Buying Area: 4,750-4,800

• Price Target: 5,200

PT Pertamina Geothermal Energy Tbk (PGEO)

• Recommendation: Hold

• Price Target: 1,150

PT Telekomunikasi Indonesia Tbk (TLKM)

• Recommendation: Trading Buy

• Buying Area: 3,000-3,100

• Price Target: 3,300