Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Sep 24	C	Weak or Absent	Up	Flat	Flat	1.39%
Sep 17	C	Weak or Absent	Up	Flat	Flat	1.57%
Sep 16	C	Weak or Absent	Up	Flat	Flat	1.57%
Sep 13	C	Weak or Absent	Up	Flat	Flat	1.57%
Sep 12	B	Weak or Absent	Up	Flat	Flat	1.57%
Sep 10	C	Weak or Absent	Up	Flat	Flat	1.74%
Sep 9	B	Weak or Absent	Up	Flat	Flat	1.74%
Sep 5	B	Weak or Absent	Up	Flat	Flat	1.96%
Sep 4	C	Weak or Absent	Up	Flat	Flat	1.96%
Aug 28	D	Weak or Absent	Up	Flat	Flat	2.10%