Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Nov 20	C	Weak or Absent	Up	Flat	Flat	5.88%
Nov 17	B	Weak or Absent	Up	Flat	Flat	5.88%
Nov 16	B	Weak or Absent	Up	Flat	Flat	5.88%
Nov 15	B	Weak or Absent	Up	Flat	Flat	5.88%
Nov 14	B	Weak or Absent	Up	Up	Flat	5.88%
Nov 13	A	Strong	Up	Up	Flat	5.49%
Nov 10	A	Strong	Up	Up	Flat	5.49%
Nov 9	A	Strong	Up	Up	Flat	5.88%
Nov 8	A	Strong	Up	Up	Flat	5.88%
Nov 7	A	Strong	Up	Flat	Flat	6.17%