Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Jan 11	A	Very Strong	N/A	Up	Flat	13.04%
Jan 10	A	Very Strong	N/A	Up	Flat	12.82%
Jan 9	A	Very Strong	N/A	Up	Flat	12.82%
Jan 6	A	Very Strong	N/A	Up	Flat	12.72%
Jan 5	A	Very Strong	N/A	Up	Flat	13.04%
Dec 30	A	Very Strong	N/A	Up	Flat	13.04%
Dec 29	A	Strong	N/A	Up	Flat	13.04%
Dec 28	A	Strong	N/A	Up	Flat	13.48%
Dec 27	A	Strong	N/A	Up	Flat	13.48%
Dec 23	A	Strong	N/A	Up	Flat	13.59%