IHSG Today Expected to Strengthen Around 8,650

Jakarta, 27 February 2026 — Indonesia’s Composite Stock Price Index (IHSG) is projected to strengthen in the 8,440–8,650 range during Friday’s trading, following a 1.04% decline to 8,235 on Thursday.

MNC Securities technical analyst Herditya Wicaksana estimates that the IHSG is currently positioned at wave (c) of wave [x], indicating the index still has potential to strengthen towards 8,440–8,650. However, market participants should remain vigilant regarding further correction risks. The 8,081–8,149 zone represents a concern area should selling pressure increase.

“Best case, the IHSG is currently positioned at wave (c) of wave [x], so it still has potential to strengthen to 8,440–8,650. Be alert to potential further correction towards the 8,081–8,149 range,” Herditya stated in his daily analysis.

The nearest strong support levels are at 8,025 and 7,861, whilst resistance points are at 8,408 and 8,596.

PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), closing at Rp 3,950, is recommended as a buy on weakness opportunity. BBRI is forming part of wave iv from wave (i) of wave [iii], a structure indicating temporary correction before resuming upward trend.

PT Sentul City Tbk (BKSL), closing at Rp 134, is also recommended for weakness purchasing. BKSL is positioned at wave B of wave (B), a pattern typically reflecting a mid-phase correction within a larger structure, with opportunities to continue subsequent movements if support holds.

Similar recommendations apply to PT Energi Mega Persada Tbk (ENRG) at Rp 1,620. ENRG is indicated to be at wave [iv] of wave 5, meaning the stock is experiencing minor correction within a larger impulsive trend, leaving room for continued strengthening after the correction phase concludes.

PT Merdeka Copper Gold Tbk (MDKA), closing at Rp 3,640, is also listed as a buy on weakness candidate. MDKA is positioned at wave (iv) of wave [iii], indicating a consolidation phase before potential continuation of the main upward trend.

PT Sariguna Primatirta Tbk (CLEO) traded at Rp 432, with support at 412 and resistance at 448. The short-term target is in the Rp 446 area.

PT Merdeka Battery Materials Tbk (MBMA) was last traded at Rp 820, with support level at 810 and resistance at 910, targeting a move towards Rp 900.