Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 4	B	Very Strong	Up	Up	Flat	3.55%
Mar 1	B	Very Strong	Up	Up	Flat	3.69%
Feb 29	B	Very Strong	Up	Up	Flat	3.69%
Feb 28	B	Very Strong	Up	Up	Flat	3.69%
Feb 26	B	Very Strong	Up	Up	Flat	3.87%
Feb 23	B	Very Strong	Up	Up	Flat	3.87%
Feb 15	B	Very Strong	Up	Up	Flat	4.06%
Feb 14	B	Very Strong	Up	Up	Flat	4.06%
Feb 13	B	Very Strong	Up	Up	Flat	4.16%
Feb 12	B	Very Strong	Up	Up	Flat	4.06%