💥 HBAR price nears breakout as inverse head and shoulders pattern forms
HBAR price is consolidating below key resistance as an inverse head and shoulders pattern develops, signaling a potential bullish breakout if the neckline resistance is cleared with volume.
HBAR ($HBAR ) price action is showing increasingly constructive behavior as the market builds a classic bullish reversal structure on the higher timeframes. After an extended corrective phase, price has stabilized and begun forming an inverse head and shoulders pattern, a formation often associated with trend reversals when confirmed
Alphabet invests in the ambitious expansion of its presence in India
Google’s parent company plans a major expansion in India, focusing on creating significant workforce capacity in one of Asia’s largest tech hubs. According to well-known external sources, Alphabet intends to establish a new office space spanning several million square feet (equivalent to hundreds of thousands of square meters in the European measurement system) in Bangalore—a rapidly developing tech city in India.
Project in the Elm Vibe City Ecosystem
Insider information indicates that Alphabet has already secured rights to use office buildings within the innovative Elm Vibe City project, located in the Whitefield tech corridor. This corridor is one of the most promising clusters for tech business development in the region. The total area of the Whitefield complex is 2.4 million square feet—a vast space designed to host tech companies and their employees.
The company has obtained rights for three buildings within the complex: the first is already leased and preparing for operational launch in the coming months, while two additional buildings are under construction and are expected to be completed within the next year. This approach allows Alphabet to gradually expand its workspaces in line with growing needs.
Revolutionary Growth in Workforce
If Alphabet fully utilizes all available office spaces in this project, the campus could accommodate up to 20,000 employees. This represents a potential more than doubling of the company’s current workforce in India, where approximately 14,000 people are currently employed. For comparison, Alphabet’s global workforce is around 190,000 employees, highlighting the strategic importance of its expansion in India.
Strategic Significance for Alphabet
The expansion in India reflects Alphabet’s commitment to developing the country’s tech ecosystem in one of the world’s fastest-growing economies. Bangalore has already established itself as a global hub for tech talent, and Alphabet’s significant investments confirm the company’s ambitions to strengthen its presence in the Indian market. This initiative will enable the company to attract local talent and expand research and development in artificial intelligence, cloud technologies, and other innovative fields.