Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Mar 14	A	Very Strong	N/A	Up	Flat	11.34%
Mar 13	A	Very Strong	N/A	Up	Flat	11.45%
Mar 10	A	Very Strong	N/A	Up	Flat	11.24%
Mar 9	A	Very Strong	N/A	Up	Flat	11.03%
Mar 8	A	Very Strong	N/A	Up	Flat	11.13%
Mar 7	A	Very Strong	N/A	Up	Up	10.61%
Mar 3	A	Very Strong	N/A	Up	Flat	11.24%
Mar 2	A	Very Strong	N/A	Up	Flat	11.24%
Mar 1	A	Very Strong	N/A	Up	Flat	11.34%
Feb 28	A	Very Strong	N/A	Up	Flat	11.45%