Why is NESCO falling/rising?

As of 08-Aug, NESCO Ltd's stock price is currently at 1,364.15, reflecting a decrease of 1.85 points or 0.14%. The stock has been experiencing a downward trend, having fallen for the last two days with a total decline of 1.39% during this period. Despite this recent dip, the stock has shown strong performance over the past month, with a return of 14.75%, and it has significantly outperformed the Sensex, which has declined by 4.60% in the same timeframe. The stock opened today with a gain of 2.34% and reached an intraday high of Rs 1397.95, indicating some volatility. However, there has been a notable decrease in investor participation, with delivery volume dropping by 56.36% compared to the five-day average, which may be contributing to the recent price decline.
In the broader market context, NESCO's short-term performance has been favorable compared to the benchmark, as it has outperformed the Sensex by 1.54% over the past week. While the stock remains above its longer-term moving averages, it is currently below its five-day moving average, suggesting a potential short-term weakness. The overall market sentiment appears to be mixed, with the Sensex experiencing a slight downturn, which may also be influencing NESCO's stock price. The liquidity of the stock remains adequate for trading, but the falling delivery volume could indicate a lack of confidence among investors, contributing to the recent price movement.