The stock of Kirloskar Oil Engines, which has been in a long-term uptrend, witnessed a price correction recently. The downswing was followed by a consolidation where the scrip was largely oscillating between ₹2,020 and ₹2,180 over the last three weeks. On Thursday, it rallied nearly 5 per cent and broke out of the barrier at ₹2,180. Also, the price is now above both the 21- and 50-day moving averages.The prevailing price action indicates that the stock might have resumed the uptrend after a corrective phase and is likely to hit ₹2,700 in the near-term. So, traders can buy now at ₹2,267 and accumulate at ₹2,180. Place a stop-loss at ₹2,000. When the stock rises to ₹2,450 and ₹2,600, alter the stop-loss to ₹2,350 and ₹2,525, respectively. Book profits at ₹2,700.Video Credit: BusinesslineNote: The recommendations are based on technical analysis. There is a risk of loss in trading.Published on September 4, 2026