Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jul 17	B	Very Strong	Up	Up	Flat	1.32%
Jul 16	C	Very Strong	Up	Flat	Flat	1.59%
Jul 15	C	Extremely Strong	Up	Flat	Flat	1.59%
Jul 12	B	Extremely Strong	Up	Up	Flat	1.14%
Jul 9	B	Extremely Strong	Up	Up	Flat	1.32%
Jul 8	B	Extremely Strong	Up	Up	Flat	1.32%
Jul 5	B	Very Strong	Up	Up	Flat	1.50%
Jul 3	B	Very Strong	Up	Up	Flat	1.59%
Jul 2	B	Very Strong	Up	Flat	Flat	1.77%
Jun 28	B	Very Strong	Up	Up	Flat	1.59%