IHSG Projected to Remain Vulnerable to Correction; Five Promising Stock Recommendations to Watch

The Jakarta Composite Index (IHSG) is estimated to have the opportunity to correct again during trading on Wednesday, 11 March 2026. Previously, the IHSG closed up 1.41 per cent at the level of 7,440.91.

Ivan Rosanova, analyst at Binaartha Securities, stated that the IHSG has the potential to retest support in the area of 7,105 to 7,140. Particularly if the index movement remains below the 7,585 level.

“The series of corrections with a zigzag abc pattern should almost be completed and a trend reversal can begin soon if the daily close of the IHSG remains above 7,140,” explained Ivan in his statement on Wednesday, 11 March 2026.

The IHSG support points are located in the area of 7,106, 6,900 and 6,744. Meanwhile, resistance points are at levels 7,585, 7,765, 8,098 and 8,363.

Ivan also projected that several stocks would show positive performance during trading on that day. The following are five promising stock recommendations with profit potential that are worth monitoring by investors.

PT Sumber Alfaria Trijaya Tbk (AMRT)

• Recommendation: Trading Buy

• Buying Area: 1.3500-1.400

• Price Target: 1.525

PT Astra International Tbk (ASII)

• Recommendation: Buy on Weakness

• Buying Area: 5.600-5.700

• Price Target: 6.550

PT Bank Central Asia Tbk (BBCA)

• Recommendation: Buy on Weakness

• Buying Area: 6.600-6.750

• Price Target: 7.375

PT Bank Negara Indonesia (Persero) Tbk (BBNI)

• Recommendation: Accumulative Buy

• Buying Area: 4.000-4.100

• Price Target: 4.390

PT GoTo Gojek Tokopedia Tbk (GOTO)

• Recommendation: Speculative Buy

• Buying Area: 51-52

• Price Target: 61