Hi Sharad,
The extreem is fully capable.
There is a good article on 3d flying on the Horizon hobbies web site.
www.horizonhobby.com
Takes some practice and tweeking of the planes to do most of them, but with some patience you can do it.
Start with the flat spin. This is a good place to start because it mostly requires the plane to be ballanced and the control surfaces set large enough to stall the plane. Once you have that working, you know the plane is ready for anything.
Good luck