Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Feb 5	B	Strong	Up	Up	Flat	4.06%
Feb 2	B	Strong	Up	Up	Flat	4.06%
Jan 26	B	Strong	Up	Up	Flat	4.16%
Jan 25	B	Strong	Up	Up	Flat	4.16%
Jan 24	B	Strong	Up	Up	Flat	4.16%
Jan 23	B	Strong	Up	Up	Flat	4.16%
Jan 22	B	Strong	Up	Up	Flat	4.25%
Jan 19	B	Strong	Up	Up	Flat	4.25%
Jan 18	A	Strong	Up	Up	Flat	4.25%
Jan 17	A	Strong	Up	Up	Flat	4.25%