Rancak Media — JAKARTA — The Composite Stock Price Index (IHSG) shows potential for a rebound in today’s trading session, Wednesday (April 29, 2026), with analysts projecting an upward test of the 7,109–7,270 range. Market participants are keeping a close watch on several stocks, including BRIS, EMAS, INET, and TLKM, as highlighted by expert recommendations.
Analysts at MNC Sekuritas observed that the IHSG slipped 0.48% to close at 7,072 on Tuesday (April 28, 2026). While selling pressure remained dominant, trading volumes appeared to be thinning. From a technical perspective, MNC Sekuritas suggests the index is currently positioned within wave [v] of the black label scenario, or alternatively, nearing the conclusion of wave [b] within wave B under the red label scenario.
“We expect the correction for the IHSG to be limited, likely testing the 6,983–7,009 support level, with a high probability of a short-term rebound to test the 7,109–7,270 range,” the MNC Sekuritas analyst team noted in their daily research report.
For today’s trading, the IHSG is projected to find support levels at 7,022 and 6,917, while resistance levels are anticipated at 7,313 and 7,484.
Stock Recommendations
MNC Sekuritas has issued a Buy on Weakness recommendation for the following stocks:
BRIS (Bank Syariah Indonesia)
BRIS underwent a 2.17% correction to 1,800, driven by mounting selling pressure. Technically, the stock is believed to be in the middle of wave [iii] of wave 5.
Buy on Weakness: 1,670–1,765
Target Price: 1,830, 1,925
Stoploss: below 1,615
EMAS
Following a 2.06% decline to 9,500 amid persistent selling pressure, EMAS is currently estimated to be in the stage of wave 2 of wave (5).
Buy on Weakness: 8,675–9,475
Target Price: 10,325, 10,775
Stoploss: below 8,375
INET
Despite trading under selling pressure, INET managed to gain 0.65% to 312. Analysts suggest the stock is currently in the phase of wave [ii] of wave C on the black label.
Buy on Weakness: 290–304
Target Price: 346, 402
Stoploss: below 278
TLKM (Telkom Indonesia)
TLKM dipped 0.35% to 2,820, though the move was accompanied by an uptick in buying volume. The stock is currently viewed as being in wave [v] of wave C.
Buy on Weakness: 2,640–2,750
Target Price: 2,960, 3,160
Stoploss: below 2,610
Disclaimer: This report is for informational purposes only and does not constitute an invitation to buy or sell any securities. Investment decisions remain the sole responsibility of the reader. Bisnis.com is not liable for any losses or gains resulting from investment decisions made based on this information.
Summary
The Composite Stock Price Index (IHSG) is expected to show potential for a rebound today, with analysts targeting a range between 7,109 and 7,270. Although the index previously experienced a slight decline to 7,072 amid persistent selling pressure, market experts anticipate limited corrections with support levels established between 6,983 and 7,009.
MNC Sekuritas has issued “Buy on Weakness” recommendations for several stocks, including BRIS, EMAS, INET, and TLKM, to capitalize on the projected market recovery. Investors are advised to closely monitor these assets while adhering to specified target prices and stop-loss levels to manage potential risks effectively.
