Flooring Guide by Cinvex – , JAKARTA – The Jakarta Composite Index (IHSG) is projected to maintain its upward momentum in trading on Monday, November 17, 2025. Several stocks, including HRTA, ESSA, and SSMS, have been recommended by analysts for the upcoming trading session.
In its daily research, MNC Sekuritas noted that the IHSG remained dominated by selling pressure during Friday’s trading (November 14, 2025), leading to a 0.02% correction, settling at the 8,370 level. Despite this, analysts anticipate that the IHSG still has the potential to strengthen further, possibly reaching the 8,487–8,539 range in Monday’s session.
“The IHSG is currently positioned within wave (iii) of wave [iii], indicating a continued opportunity for the index to advance into the 8,487–8,539 area. Investors should closely monitor the 8,279-8,332 range as a potential subsequent correction zone,” an analyst stated in their research, quoted on Sunday, November 16, 2025.
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From a technical perspective, analysts predict the IHSG’s support levels to be at 8,332 and 8,276. Conversely, the resistance levels are expected to be around 8,488 and 8,532.
In line with these projections, MNC Sekuritas has issued recommendations for several stocks for Monday’s trading. Among these is PT ESSA Industries Indonesia Tbk. (ESSA). Analysts suggest a buy on weakness strategy for ESSA shares, setting a target price range of Rp630–Rp660 per share.
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Should the strengthening continue, the target price for ESSA shares could extend to Rp710 and Rp760. The stop-loss for this stock is positioned below Rp605 per share.
Additionally, analysts have issued a speculative buy recommendation for PT Hartadinata Abadi Tbk. (HRTA) at an entry level of Rp1,345–Rp1,365 per share, with target prices set at Rp1,455 and Rp1,535.
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During the last trading session, HRTA experienced a 4.21% correction, closing at Rp1,365 per share. However, according to analysts, as long as the stock remains above its stop-loss level of Rp1,330, HRTA retains its potential for an uptrend.
“Provided it maintains its position above Rp1,330, which serves as its stop-loss, HRTA is currently within wave (a) of wave [b] on the black label,” the analyst elaborated.
Analysts also recommend a buy on weakness for 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 analysts advise a buy on weakness for PT Wintermar Offshore Marine Tbk. (WINS) at the Rp436–Rp444 level. In the last trading session, WINS closed at Rp448 per share, marking a 2.75% gain. Despite this recent increase, WINS is still considered to have further upside potential.
The target prices for WINS shares are Rp454 and Rp478 per share, with a stop-loss area below Rp432.
“WINS strengthened 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 confirmed.
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Summary
The Jakarta Composite Index (IHSG) is projected to maintain its upward momentum in trading on Monday, November 17, 2025, despite experiencing a 0.02% correction to the 8,370 level on the preceding Friday. Analysts anticipate the IHSG has potential to strengthen further, possibly reaching the 8,487–8,539 range. Key technical levels include support at 8,332 and 8,276, with resistance expected around 8,488 and 8,532.
MNC Sekuritas has issued recommendations for several stocks for Monday’s session. These include “buy on weakness” strategies for ESSA, SSMS, and WINS, and a “speculative buy” for HRTA. Each stock has specific target prices and stop-loss levels provided by analysts for investor guidance.