Trend Table for IVCA - Investcorp India Acquisition Corp.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 21	A	Strong	N/A	Up	Flat	13.26%
Dec 20	A	Strong	N/A	Up	Flat	13.26%
Dec 19	A	Strong	N/A	Up	Flat	13.59%
Dec 16	A	Strong	N/A	Up	Flat	13.59%
Dec 15	A	Strong	N/A	Up	Flat	13.70%
Dec 13	A	Strong	N/A	Up	Flat	13.70%
Dec 12	A	Strong	N/A	Up	Flat	13.70%
Dec 9	A	Strong	N/A	Up	Flat	13.70%
Dec 7	A	Strong	N/A	Up	Flat	13.92%
Dec 6	A	Strong	N/A	Up	Flat	13.92%