Rancak Media – , JAKARTA – The Composite Stock Price Index (IHSG) is projected to maintain its upward momentum in trading on Monday, November 17, 2025. Analysts have spotlighted several stocks, including HRTA, ESSA, and SSMS, recommending them for the upcoming trading day.
In its daily research, MNC Sekuritas reported that the IHSG on Friday, November 14, 2025, primarily experienced selling pressure, leading to a slight correction of 0.02% to close at 8,370. Despite this minor dip, analysts anticipate the IHSG has significant potential to strengthen, eyeing a range of 8,487–8,539 for Monday’s trading session.
“The IHSG is currently positioned within wave (iii) of wave [iii], indicating a strong likelihood of further gains towards the 8,487–8,539 range. Investors should also monitor the 8,279-8,332 area as a potential zone for the next correction,” an analyst stated in the research, as quoted on Sunday, November 16, 2025.
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From a technical perspective, analysts project the IHSG’s support levels to be at 8,332 and 8,276. Concurrently, resistance levels are expected to be encountered at 8,488 and 8,532, which could serve as targets for an upward movement.
Aligned with this bullish forecast, MNC Sekuritas has issued several stock recommendations for the next trading day. Prominently featured is PT ESSA Industries Indonesia Tbk. (ESSA). Analysts advise a buy on weakness strategy for ESSA, setting an initial target price range of Rp630–Rp660 per share.
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Should the uptrend persist, the target prices for ESSA shares could further extend to Rp710 and Rp760. A crucial stop-loss level for this stock is set below Rp605 to manage potential downside risks.
Furthermore, analysts are recommending a speculative buy on shares of PT Hartadinata Abadi Tbk. (HRTA). The recommended entry level is Rp1,345–Rp1,365 per share, with target prices set at Rp1,455 and Rp1,535.
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Despite HRTA undergoing a correction of 4.21% to Rp1,365 per share in its last trading session, analysts maintain that as long as the stock remains above its stop-loss level of Rp1,330, it retains its potential for appreciation.
“As long as HRTA manages to stay above its stop-loss at Rp1,330, its current position suggests it is part of wave (a) of wave [b] within the black label,” the analyst explained.
Another recommendation is a buy on weakness for shares of PT Sawit Sumbermas Sarana Tbk. (SSMS), with target prices of Rp1,570 and Rp1,690 per share. The stop-loss for SSMS is set below Rp1,430 per share.
Finally, MNC Sekuritas also recommends a buy on weakness for PT Wintermar Offshore Marine Tbk. (WINS) at levels between Rp436–Rp444. Although WINS closed at Rp448 per share, marking a 2.75% gain in its last trading session, analysts believe the stock still holds significant potential for further strengthening.
The target prices for WINS shares are positioned at Rp454 and Rp478 per share, with a strict stop-loss set below Rp432 to protect against unexpected declines.
“WINS appreciated by 2.75% to Rp448, accompanied by an increase in buying volume. Currently, WINS is estimated to be at the beginning of wave Y of wave (B),” the analyst affirmed, indicating a strong technical outlook.
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Summary
The Composite Stock Price Index (IHSG) is projected to maintain its upward momentum on Monday, November 17, 2025, despite a minor 0.02% correction to 8,370 on the previous Friday. Analysts anticipate the IHSG has significant potential to strengthen, eyeing a range of 8,487–8,539. Technically, support levels are seen at 8,332 and 8,276, while resistance levels are at 8,488 and 8,532.
MNC Sekuritas has issued several stock recommendations for the next trading day. ESSA, SSMS, and WINS are advised for a “buy on weakness” strategy, each with specific target prices and stop-loss levels. HRTA is also recommended for a “speculative buy,” provided it remains above its stop-loss level of Rp1,330.
