Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 26	B	Extremely Strong	N/A	Flat	Flat	10.19%
May 25	A	Extremely Strong	N/A	Flat	Flat	10.19%
May 24	A	Extremely Strong	N/A	Flat	Flat	10.19%
May 23	A	Extremely Strong	N/A	Up	Up	9.26%
May 22	B	Extremely Strong	N/A	Flat	Flat	10.19%
May 19	A	Extremely Strong	N/A	Up	Up	9.36%
May 18	A	Extremely Strong	N/A	Up	Flat	10.10%
May 17	B	Extremely Strong	N/A	Flat	Flat	10.29%
May 16	B	Extremely Strong	N/A	Flat	Flat	10.29%
May 15	B	Extremely Strong	N/A	Flat	Flat	10.29%