Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 8	A	Very Strong	Up	Up	Flat	2.35%
May 7	A	Very Strong	Up	Up	Flat	2.35%
May 6	A	Very Strong	Up	Up	Flat	2.31%
May 3	A	Very Strong	Up	Up	Flat	2.40%
May 2	A	Very Strong	Up	Up	Flat	2.31%
May 1	A	Very Strong	Up	Up	Flat	2.31%
Apr 30	A	Very Strong	Up	Up	Flat	2.40%
Apr 29	A	Very Strong	Up	Up	Flat	2.31%
Apr 26	A	Very Strong	Up	Up	Flat	2.49%
Apr 24	A	Very Strong	Up	Up	Flat	2.49%