IHSG Forecast for June 29, 2026: Get Ready to Profit from These Stocks

The IHSG forecast for June 29, 2026, points to limited movement with the potential for a technical rebound. The Composite Stock Price Index closed trading on Friday, June 26, 2026, at 5,896.13. The IHSG fell 1.72 percent, or lost about 102.90 points. This makes the 5,850 level a key support level that needs to be maintained during today’s trading session.

Key Takeaways

• The IHSG is expected to move sideways in the 5,850 to 6,000 range, with technical support around 5,850 to 5,860.
• The opportunity for a rebound remains open if the index is able to hold above support, but resistance levels of 6,000 to 6,130 could limit gains.
• HRTA is attractive for a buy-on-weakness strategy, while KLBF, BBCA, and MBMA are recommended for day trading based on technical analysis.

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Today's IHSG Prediction: Sideways or Rebound?

Today's IHSG forecast isn't entirely bullish. The index is still in a consolidation phase following strong selling pressure at the end of last week.

BNI Securities estimates the IHSG has the potential to move sideways between 5,850 and 6,000. Support lies between 5,750 and 5,850, while resistance lies between 6,000 and 6,100.

(Image source: AI-generated image)

Meanwhile, BRI Danareksa Sekuritas sees an opportunity for a technical rebound. In its research on the morning of June 29, 2026, the IHSG's support level was placed at 5,860 and resistance at 6,130.

These two projections are not contradictory. The IHSG could experience a technical rebound, but it will still be moving within a consolidation range. In other words, the increase does not necessarily signal a trend change to bullish.

Traders should monitor the IHSG's ability to maintain the 5,850 to 5,860 area. If this area holds, the index has the potential to test 6,000 and 6,100. Conversely, if this support is breached, selling pressure could push the index towards 5,750.

Read also: The Right Stock Recommendations for Today's IHSG Movement

Support and Resistance of the IHSG 5,850 to 6,000

Support and resistance levels are the primary reference points for developing today's IHSG trading strategy. Here are the technical areas to pay attention to.

1. The main support for the IHSG is at 5,850 to 5,860.

This area is close to the IHSG's last closing position. The index's stay above 5,850 could indicate that selling pressure is starting to ease.

Traders can monitor the formation of reversal candles, increasing volume, or strengthening of large-cap stocks as early confirmation of a rebound.

2. Further support at 5,750

The 5,750 level is the lower limit of BNI Sekuritas' projection. A decline below this level could increase the risk of further weakening.

If the index moves closer to 5,750 without increasing buying volume, traders should reduce speculative positions.

3. Psychological resistance at 6,000

The 6,000 level is the closest resistance level and a psychological one. The IHSG needs to break through and hold above this level to strengthen its rebound potential.

A rise that fails to pass 6,000 has the potential to trigger short-term profit-taking.

4. Further resistance at 6,100 to 6,130

BRI Danareksa Sekuritas has positioned the IHSG's resistance level at 6,130. This area could become a further target if the index breaks through 6,000 with increasing trading volume.

However, traders should remain cautious. Resistance is not a guaranteed target. Index movements can fluctuate due to domestic and global sentiment.

Read also: Why Did the IHSG Plummet? The Latest Causes of the IHSG's Fall, June 4, 2026

Sentiments Influencing the IHSG Technical Analysis for June 2026

The IHSG's decline in previous trading occurred at a time when most global markets were also under pressure. The US stock market weakened slightly, primarily due to pressure on technology stocks.

Investors are also monitoring foreign selling. On Friday, foreign investors recorded net sales of around IDR 302 billion. BMRI, EMAS, ASII, BRPT, and TLKM were among the stocks most frequently sold.

However, there are still opportunities for recovery. Some sentiments that could influence the IHSG's movement include:

1. Plan to place excess budget balance at Himbara bank.
2. Development of liquidity and distribution of banking credit.
3. Indonesian Manufacturing PMI Release.
4. Inflation and trade balance data.
5. The movement of the rupiah against the United States dollar.
6. Direction of global stock markets and commodity prices.

Additional liquidity in the banking sector has the potential to lower funding costs and support credit distribution. However, its impact on the IHSG remains dependent on policy implementation and investor response.

Read also: 6 IPOs Surge Amid Volatile IHSG

9 Recommended IHSG Stocks Today

Here stock recommendations the watchlist is based on projections from BNI Securities and BRI Danareksa Securities. All recommendations are short-term and do not guarantee returns.

1. HRTA, Buy on Weakness

HRTA is one of the recommended IHSG stocks today with a buy on weakness strategy.

The buy area is between Rp1,700 and Rp1,740. The nearest target is between Rp1,820 and Rp1,900. The cut-loss level is set below Rp1,690.

A buy-on-weakness strategy means traders wait for a correction towards the buy zone. Traders should not chase the price if HRTA immediately rises significantly above that area.

2. KLBF, Day Trade with Double Bottom Pattern

KLBF is recommended for daily trading with a buy area of ​​Rp 760 to Rp 790.

The first resistance target is at Rp815. The next target is at Rp845. A stop-loss is placed below Rp740.

Technically, KLBF has formed a double bottom pattern with a neckline around Rp760. As long as the price remains above this level, there is still room for further upside.

However, traders need to pay attention to volume. Breakouts without increasing volume risk failing and re-entering the consolidation area.

3. BBCA, Trading Rebound in Banking Stocks

BBCA is included in today's stock recommendations after showing rebound momentum from the support area.

BBCA's buy zone is between Rp5,900 and Rp6,100. The initial target is Rp6,400. The follow-up target is around Rp6,550. A stop-loss is placed below Rp5,700.

BRI Danareksa's recommendation summary also includes an upper target limit of IDR 6,650. Traders should check research updates and price conditions before making a decision.

BBCA also recorded an accumulation of foreign investors in the previous trading session. Foreign capital inflows can be a supportive sentiment, but they don't guarantee continued price increases.

4. MBMA, Holding at Fibonacci Support

The MBMA recommends a buy range of Rp480 to Rp500. The first target is Rp545, while the second target is Rp585.

Stop loss is placed below Rp475.

Technically, the MBMA is experiencing a pullback towards the Fibonacci support area of ​​Rp482 to Rp500. Prices have the potential to strengthen if they can stay above this area.

This strategy becomes invalid if the price breaks through Rp475. Traders should discipline their stop-loss orders.

5. BUMI, Speculative Buy

BUMI is in the speculative buy category. The buy range is between Rp140 and Rp141.

The immediate target is between Rp145 and Rp150. The cut-loss limit is set below Rp136.

Because it is speculative trading, BUMI carries a high volatility risk. Position sizes should be smaller than those for stocks with lower volatility.

6. BIPI, Buy on Weakness

BIPI has a buy range of Rp120 to Rp126. The target price is Rp130 ​​to Rp140.

Cut loss is placed below Rp. 115.

Traders should wait for the price to approach the buy area. Avoid buying when the price is already close to the target, as the risk-to-reward ratio becomes less attractive.

7. BNBR, Speculative Buy

BNBR is recommended with a buying area of ​​IDR 90 to IDR 93.

The immediate target is between Rp100 and Rp106. The cut-loss is placed below Rp86.

BNBR is more suitable for traders who are prepared to face high price fluctuations. Discipline regarding risk limits is a key factor.

8. INDY, Buy on Weakness

INDY has a buying area of ​​Rp1,800 to Rp1,845.

The target price is between Rp1,885 and Rp1,940. The cut-loss order is set below Rp1,790.

Traders can wait for confirmation of a bounce from support before entering. This strategy helps reduce the risk of buying stocks while a downtrend is still ongoing.

9. SCMA, Speculative Buy

The SCMA has a buy area of ​​Rp202 to Rp206. The nearest target is Rp210 to Rp218.

Stop loss is placed below Rp200.

The distance between the buy and stop-loss areas is relatively narrow. This can help traders limit risk, but it also increases the chance of being hit by a stop-loss due to intraday volatility.

Read also: What is the IHSG Trading Halt? Read the explanation here!

Trading Strategy When the IHSG Has the Potential to Move Sideways

A sideways market requires a different approach than a bullish market. Traders can't simply buy and wait for the price to rise.

Here are five strategies that can be implemented.

1. Wait for the price to enter the buy area

Don't chase stocks that have risen significantly beyond the recommended buy price. Excessively high entry can worsen the risk-reward ratio.

2. Use stop loss

A stop-loss order limits losses if your analysis doesn't go according to plan. Don't move your stop-loss order lower just because you hope the price will rise again.

3. Limit position size

Use a small portion of your capital for each stock. Avoid investing all your funds in a single issuer, especially stocks that fall into the speculative buy category.

4. Take profits gradually

Traders can realize partial profits when the price reaches the first target. The remaining position can be maintained towards the second target with a raised stop-loss.

5. Pay attention to the direction of the IHSG

Stocks could fail to strengthen if the IHSG breaks through support. Therefore, traders need to monitor the index, transaction volume, and foreign capital flows simultaneously.

Read also: The IHSG Trading Halt Is Not the First, Here's a List of Previous Events

Risks of a IHSG Rebound That Need to be Watched Out For

A technical rebound is not the same as a medium-term trend reversal. A rebound can occur when prices have fallen sharply and market participants are making short-term purchases.

Some risks to be aware of include:

• The IHSG failed to stay above 5,850.
• The index failed to break through 6,000.
• Foreign investors' net selling continued.
• The rupiah weakened again.
• Global stock exchanges experienced a correction.
• Transaction volume does not support the increase.
• Large-cap stocks are under pressure again.

Traders should view a rebound scenario as a conditional opportunity. Price and volume confirmation are still required before opening a position.

Conclusion

The IHSG (IHSG) forecast for June 29, 2026, indicates the index has the potential to move sideways with a potential technical rebound. The 5,850 to 5,860 area provides key support. The nearest resistance is at 6,000, followed by 6,100 to 6,130.

HRTA can be considered for a buy-on-weakness strategy. KLBF, BBCA, and MBMA are recommended for day trading with predetermined buy areas, targets, and stop-losses. BUMI, BIPI, BNBR, INDY, and SCMA can also be included in the watchlist depending on the trader's risk profile.

Profit opportunities still carry the risk of loss. Use a trading plan, avoid chasing prices, and monitor market conditions directly before making investment decisions.

This article is for informational purposes only and does not constitute a solicitation to buy or sell shares. Each investor is responsible for their own investment decisions.

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FAQ

Does the IHSG have the potential to rebound on June 29, 2026?

The IHSG has the potential for a technical rebound as long as it can hold the support area of ​​5,850 to 5,860. However, gains could still be limited by the resistance levels of 6,000 to 6,130.

What is the support for the IHSG today?

The nearest support is around 5,850 to 5,860. The next support is around 5,750 if selling pressure continues.

What is the resistance of the IHSG today?

Initial resistance is at the psychological level of 6,000. Further resistance is around 6,100 to 6,130.

What stocks are recommended today?

Some of the stocks on the watchlist are HRTA, KLBF, BBCA, MBMA, BUMI, BIPI, BNBR, INDY, and SCMA. Each stock has a different buy range and risk threshold.

Do stock recommendations guarantee profits?

No. Stock recommendations are based on analysis based on specific conditions. Prices can change due to market sentiment, company news, and foreign investor movements.