Why is Wardwizard Inno. falling/rising?

As of 15-Oct, Wardwizard Innovations & Mobility Ltd is currently priced at 11.60, showing no change (0.00%). The stock has experienced a trend reversal, gaining after four consecutive days of decline. However, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. In terms of performance, the stock has seen a significant decline over various periods, with a year-to-date drop of 68.23% and a one-year decline of 75.07%. Despite this, there has been a rise in investor participation, with delivery volume increasing by 17% compared to the 5-day average, suggesting some renewed interest in the stock.
In the broader market context, the stock's performance over the past week has been negative, with a decline of 3.89%, while the benchmark Sensex has increased by 1.02%. This underperformance relative to the benchmark highlights the challenges faced by Wardwizard Innovations & Mobility Ltd in attracting investor confidence. The stock's liquidity remains adequate for trading, as it is based on 2% of the 5-day average traded value, allowing for trades of small sizes. Overall, while there are signs of increased trading activity, the significant historical declines and current trading below moving averages suggest that the stock is still under pressure in the market.