Kingfisher plc (LON:KGF)

[SMR]

Kingfisher PLC is a home improvement retail group. The Company has approximately 1,124 stores in nine countries in Europe and Asia. The Company has one business segment being the supply of home improvement products and services. Its retail brands are B&Q, Castorama, Brico Depot and Screwfix. It also operates the Koctas brand, a 50% joint venture, in Turkey with the Koc Group. B&Q is the home improvement and garden centre retailer in the United Kingdom and Ireland offering approximately 40,000 products for the homemaker, occasional to serious DIYers, and trade professionals. Castorama is the home improvement retailers targeting retail customers and DIYers. Brico Depot operates a low-price format which offers customers a choice of approximately 10,000 products. Screwfix is the omnichannel supplier of trade tools, accessories and hardware to trade professionals. Koctas is the home improvement retailer aimed at mainstream consumers, homemakers and occasional to serious DIYers.

Official website: www.kingfisher.com

[jonsmith]

TARGET 369.50
The Major trend of KINGFISHER PLC it is showing strength for selling If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 372.50 then it can test support level for the target of 369.50 with the stop loss of 375.50.
INDICATORS:-
RSI is trading near to 55.20 level with negative bias, in upcoming session downside movement is expected.
MACD and Signal line is sustaining below the zero level line.

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