Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 19	B	Strong	Up	Up	Flat	0.00%
Nov 18	A	Weak or Absent	Up	Up	Flat	0.00%
Nov 12	B	Weak or Absent	Up	Up	Flat	0.00%
Nov 11	B	Weak or Absent	Up	Up	Flat	0.00%
Nov 8	B	Weak or Absent	Up	Up	Flat	0.00%
Nov 7	B	Weak or Absent	Up	Up	Flat	0.00%
Nov 4	A	Weak or Absent	Up	Up	Flat	0.14%
Nov 1	A	Weak or Absent	Up	Up	Flat	0.14%
Oct 31	A	Weak or Absent	Up	Up	Flat	0.43%
Oct 28	B	Weak or Absent	Up	Up	Flat	0.69%