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 1	B	Very Strong	Up	Up	Flat	1.05%
Jul 31	B	Very Strong	Up	Up	Flat	1.14%
Jul 30	C	Very Strong	Up	Flat	Flat	1.32%
Jul 29	B	Very Strong	Up	Up	Flat	1.14%
Jul 26	B	Very Strong	Up	Up	Flat	1.14%
Jul 24	A	Very Strong	Up	Up	Flat	1.14%
Jul 23	B	Very Strong	Up	Up	Flat	1.14%
Jul 22	B	Very Strong	Up	Up	Flat	1.05%
Jul 19	B	Very Strong	Up	Up	Flat	1.23%
Jul 18	B	Very Strong	Up	Up	Flat	1.32%