Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 15	B	Strong	Up	Up	Down	0.26%
Aug 14	B	Strong	Up	Flat	Down	0.70%
Aug 13	B	Strong	Up	Flat	Down	0.70%
Aug 12	B	Very Strong	Up	Flat	Down	1.05%
Aug 9	B	Very Strong	Up	Up	Down	0.26%
Aug 8	A	Very Strong	Up	Up	Up	-4.71%
Aug 7	A	Very Strong	Up	Up	Up	-6.34%
Aug 6	A	Very Strong	Up	Up	Up	-6.26%
Aug 5	A	Very Strong	Up	Up	Flat	1.05%
Aug 2	A	Very Strong	Up	Up	Flat	1.14%