Nifty - what next can come?

Nifty as seen from February is forming a big triangle of some sort and it is on the verge of breakout or breakdown. The triangle has taken 4 months to form and a break on either side can give 1070 point target. The up or down cannot and will not go in a single shot. There can even be false breaks and as such to trade this huge triangle can not be easy. Ideally a 1070 target may come but it is wise if you start in the right direction at the right time to keep booking at one-third, two-third and full move, viz, values of 350, 700 and 1070. Rough estimates are if the fall starts around 5000 levels, down targets are 4650, 4300 and 3930. On the up side if say the break out appears near 5150 the targets can be 5500, 5850 and 6220. Markets do not behave in a particular fashion nor follow a specific trend and hence it may all be hotch-potch. Trade to the best of your knowledge and discretion.