Signals of IHSG Rally Strengthening: Five Recommended Stocks with Profit Potential

The Jakarta Composite Index (IHSG) is projected to continue strengthening in Monday’s trading session on 2 March 2026. Previously, the IHSG closed slightly higher at the 8,235.48 level.

Ivan Rosanova, analyst at Binaartha Sekuritas, stated that the IHSG approached the Fibonacci support level of 8,074 during Friday’s trading on 27 February 2026. During that trading session, a rebound occurred which would continue towards 8,269 if the IHSG remains above 8,171.

“The correction in subwave ii is estimated to end if the IHSG breaks above the 8,363 level to begin the rally in subwave iii,” said Ivan, as quoted from his daily research on Monday, 2 March 2026.

The IHSG support levels are positioned at 8,074, 7,989, and 7,835. Meanwhile, resistance levels are located at 8,269, 8,363, 8,527, and 8,812.

Furthermore, Ivan identified several stocks of interest for investors to monitor. The following are five recommended stocks with profit potential:

PT Aneka Tambang Tbk (ANTM)

• Recommendation: Trading Buy

• Buy range: 4,200–4,250

• Price target: 4,550

PT Astra International Tbk (ASII)

• Recommendation: Buy on Weakness

• Buy range: 6,200–6,400

• Price target: 7,100

PT Bank Mandiri (Persero) Tbk (BMRI)

• Recommendation: Trading Buy

• Buy range: 5,100–5,200

• Price target: 5,500

PT Barito Pacific Tbk (BRPT)

• Recommendation: Trading Buy

• Buy range: 1,830–1,870

• Price target: 2,170

PT Indofood CBP Sukses Makmur Tbk (ICBP)

• Recommendation: Hold

• Price target: 8,500