Warning: Jakarta Composite Index Risks Falling to 6,700 Level; Here Are 5 Analysts' Pick Stocks

The Jakarta Composite Index (IHSG) is projected to post further declines during Friday trading on 13 March 2026. The IHSG closed at 7,362.11 after declining 0.37 per cent.

Binaartha Securities analyst Ivan Rosanova stated that the IHSG currently sits just above a minor support level at 7,305. He estimates that a break below this level would open the way for the IHSG to retest the 7,105-7,140 area, which appears to remain strong support.

“Nevertheless, the possibility of an extension of the downtrend towards 6,744 should be anticipated if aggressive selling pressure emerges,” Ivan said in his statement on Friday, 13 March 2026.

The IHSG’s support points are located at 7,305, 7,106, 6,900, and 6,744. Meanwhile, resistance points are at 7,450, 7,585, 7,765, and 8,098.

Furthermore, Ivan estimates that several stocks have the potential to deliver solid performance in today’s trading. Here are five recommended stocks with profit potential worth monitoring for investors:

PT Indofood CBP Sukses Makmur Tbk (ICBP)

• Recommendation: Speculative Buy

• Buy area: 6,900-7,050

• Price target: 7,825

PT Indofood Sukses Makmur Tbk (INDF)

• Recommendation: Speculative Buy

• Buy area: 5,800-5,900

• Price target: 6,350

PT Japfa Comfeed Indonesia Tbk (JPFA)

• Recommendation: Buy on Weakness

• Buy area: 2,000-2,100

• Price target: 2,430

PT Merdeka Battery Materials Tbk (MBMA)

• Recommendation: Speculative Buy

• Buy area: 600-630

• Price target: 800

PT Bukit Asam Tbk (PTBA)

• Recommendation: Trading Buy

• Buy area: 2,700-2,780

• Price target: 2,950