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[Price Action#1] What is the Breakout and Breakdown?

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Nifty Bank Index (NSE:BANKNIFTY)  
TradZoo  
NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Trend Lines Volume breakouttrading breakdowntrading priceactionanalysis supportandresitance
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supportandresistance trendline volumestudies breakouttrading breakdowntrading priceactionanalysis supportandresitance
What is the Breakout?

Breakout is a price moving outside a defined resistance level with increased buying volume. The breakout traders enter the long positions after the price breaks the resistance level.

What is the Breakdown?

Breakdown is a price moving outside a defined support level with increased selling volume. The breakdown traders enter the short positions after the price breaks the support level.

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