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 6	A	Strong	Up	Up	Flat	5.78%
Nov 3	A	Strong	Up	Up	Flat	5.83%
Nov 2	A	Strong	Up	Up	Flat	5.83%
Nov 1	A	Strong	Up	Up	Flat	5.83%
Oct 31	A	Strong	Up	Up	Flat	5.78%
Oct 30	A	Strong	Up	Up	Flat	5.88%
Oct 27	A	Strong	Up	Up	Flat	5.88%
Oct 26	A	Strong	Up	Up	Flat	5.88%
Oct 25	A	Strong	Up	Up	Flat	5.88%
Oct 17	A	Strong	Up	Up	Flat	5.78%