Bunzl plc (LON:BNZL)

[SMR]

Bunzl PLC is engaged in providing value added distribution and outsourcing services in the Americas, Europe and Australasia. The Company provides services across 27 countries, supplying a range of internationally sourced non-food products to a variety of market sectors. The Company’s market sectors include Non-food consumables, including food packaging, disposable tableware, guest amenities, catering equipment, cleaning products and safety items, to hotels, restaurants, contract caterers, food processors and the leisure sector; Groceries including food packaging, films, labels and cleaning and hygiene supplies, to grocery stores, supermarkets and retail chains; Cleaning and hygiene materials, including chemicals and hygiene paper, to cleaning and facilities management companies and industrial and healthcare customers; Goods not for resale, including packaging and a range of cleaning and hygiene products, to department stores, boutiques among others.

Official website: www.bunzl.com

[jonsmith]

BUY
TARGET 1740

The Major trend of BUNZL PLC it is showing strength for buying. If it breaks the resistance level then one can initiate buying position in the stock. If it breaks the level of 1720 then it can test resistance level for the target of 1740 with the stop loss of 1700.




INDICATORS:-

RSI is trading near to 57.37 level with positive bias, in upcoming session upside movement is expected.

MACD and Signal line is sustaining above the zero level line.

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