Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Aug 14	A	Very Strong	Up	Flat	Flat	8.96%
Aug 11	A	Very Strong	Up	Flat	Flat	9.06%
Aug 10	A	Very Strong	Up	Flat	Flat	8.96%
Aug 8	B	Very Strong	Up	Flat	Flat	9.16%
Aug 7	B	Very Strong	Up	Flat	Flat	9.16%
Aug 4	B	Very Strong	Up	Flat	Flat	9.16%
Aug 3	A	Very Strong	Up	Flat	Flat	9.11%
Aug 2	A	Very Strong	Up	Flat	Flat	9.06%
Aug 1	B	Very Strong	Up	Flat	Flat	9.06%
Jul 31	B	Extremely Strong	Up	Flat	Flat	9.11%