Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 20	C	Strong	Up	Up	Flat	6.47%
Dec 19	B	Strong	Up	Up	Flat	6.47%
Dec 18	B	Strong	Up	Up	Flat	6.18%
Dec 13	B	Strong	Up	Up	Flat	6.18%
Dec 12	B	Strong	Up	Up	Up	6.18%
Dec 11	B	Strong	Up	Up	Up	6.38%
Dec 8	B	Strong	Up	Up	Up	6.42%
Dec 7	B	Strong	Up	Up	Up	6.38%
Dec 6	B	Weak or Absent	Up	Up	Flat	6.86%
Dec 5	B	Weak or Absent	Up	Flat	Flat	6.96%