JAKARTA – A technical analysis by PT Ina Sekuritas Indonesia outlines the projected price movement of PT Bank Syariah Indonesia Tbk (BRIS) as of Monday (2/6).

As of April 2025, BRIS’s profit grew by 6.4%. In addition, Vanguard recently accumulated 3.3 million BRIS shares, increasing its total ownership to 0.35% as of 29 May 2025.

Ina Sekuritas noted that this accumulation provides the potential for continued strengthening in BRIS’s share price.

Technically, BRIS shares are in a short-term bullish trend, with a resistance level at IDR 3,000 per share.

The formation of a bullish crossover pattern on the stochastic indicator is also seen as supporting further gains toward IDR 3,070 per share, with support at IDR 2,890 per share.

For reference, BRIS is the largest Islamic bank in Indonesia, operating in the banking sector with a focus on Sharia-compliant services.

Investors can view BRIS’s technical analysis in the following video. (DK/KR/ZH)