Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 17	B	Very Strong	Up	Flat	Flat	3.73%
May 16	B	Very Strong	Up	Flat	Flat	3.73%
May 15	A	Very Strong	Up	Up	Flat	3.64%
May 14	A	Very Strong	Up	Up	Flat	3.64%
May 13	A	Very Strong	Up	Up	Flat	3.64%
May 10	A	Very Strong	Up	Up	Flat	3.64%
May 9	A	Very Strong	Up	Up	Flat	3.64%
May 8	A	Very Strong	Up	Up	Flat	3.68%
May 7	A	Very Strong	Up	Up	Flat	3.68%
May 6	A	Very Strong	Up	Up	Flat	3.64%