A bullish cypher is a harmonic pattern which need to observed only in the prevailing trend to be continued in the future.
Infosys has formed a bullish cypher pattern visible on monthly time frames also which too provides more significance on the price. A long term trend line also holding the prices at the bottom of the formation and the prices has taken a reversal from that point.
Moreover after looking on daily charts it looks that the stock price has consolidated more than a year in the rectangle shape and now ready for the spurt.
Minimum target potential looks at 1120 and if crosses than 1180 looks promising too as this is a breakout of golden ratio of fibonacci retracement of 61.8 % around 1120. Stop loss for the position should be at 1000 level which is also a psychological level of four digit.
Here is the snapshot:
