Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 7	B	Strong	Up	Up	Up	5.01%
Dec 6	B	Weak or Absent	Up	Up	Flat	5.49%
Dec 5	B	Weak or Absent	Up	Flat	Flat	5.59%
Dec 4	B	Weak or Absent	Up	Flat	Flat	5.59%
Dec 1	C	Weak or Absent	Up	Flat	Flat	5.97%
Nov 30	C	Weak or Absent	Up	Flat	Flat	5.97%
Nov 29	C	Weak or Absent	Up	Flat	Flat	5.97%
Nov 27	C	Weak or Absent	Up	Flat	Flat	5.97%
Nov 24	C	Weak or Absent	Up	Flat	Flat	5.97%
Nov 21	C	Weak or Absent	Up	Flat	Flat	5.88%