Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jun 12	A	Very Strong	Up	Up	Flat	1.77%
Jun 11	A	Very Strong	Up	Up	Flat	1.68%
Jun 10	A	Very Strong	Up	Up	Flat	1.77%
Jun 6	A	Very Strong	Up	Flat	Flat	2.04%
Jun 5	A	Very Strong	Up	Up	Flat	2.04%
Jun 4	A	Very Strong	Up	Up	Flat	2.04%
May 29	A	Very Strong	Up	Flat	Flat	2.12%
May 28	A	Very Strong	Up	Up	Flat	2.12%
May 24	A	Very Strong	Up	Flat	Flat	2.22%
May 23	A	Very Strong	Up	Flat	Flat	2.22%