Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Apr 9	A	Very Strong	Up	Up	Flat	2.85%
Apr 8	A	Very Strong	Up	Up	Flat	2.95%
Apr 5	A	Very Strong	Up	Up	Flat	2.95%
Apr 3	A	Very Strong	Up	Up	Flat	2.95%
Apr 2	A	Very Strong	Up	Up	Flat	2.95%
Apr 1	A	Very Strong	Up	Up	Flat	3.04%
Mar 28	B	Very Strong	Up	Up	Flat	3.04%
Mar 27	B	Very Strong	Up	Up	Flat	3.04%
Mar 26	A	Very Strong	Up	Up	Flat	3.04%
Mar 25	A	Very Strong	Up	Up	Flat	3.04%