What is the difference between breakout and retracement in Intraday trading?

I feel if the market volatility is within the resistance/support, then it's a retracement. If it breaks/crosses the resistance, it will be the breakout.

Break-out refers to the Break-out of a Trading Pattern on the Chart weather it is upside or downside, the continuation movement we can see after at-least one retracement.

On the other hand, Retracement is a part of Break-out where the opposite counter-party try to support the non-directional where the market is falling down/up.

@Anvesha9, hope you doing great and wish you a very happy and prosperous new year. Now coming to your question.:-) 

So there is a thin line between breakout and retracement. Normally breakout happens after the consolidation phase. This consolidation can last for days, weeks and months and when price moves out of the consolidation range we witness great move in the prices. Breakout can take place either side.

Now coming to retracement. So retracement are tools which one can used to draw support lines, identify resistance levels, place stop-loss orders, and set target prices. Retracement can be used in any phase of the market. (uptrend, downtrend or sideways)

To understand more in detail, you can click on the below mentioned link.

https://fyers.in/school-of-stocks/chapter/technical-analysis/trend-analysis.html10

If a stock is stuck in a small range going up & down with in that range and if suddenly price breaks the upper/lower end of that range then it's called breakout.

or

Breakout = Price breaking a significant resistance and going up
Breakdown = Price breaking a significant support and going down

A price movement is considered as a breakout/breakdown when it breaks a significant support/resistance. 

Retracements/pull backs are usually temporary reversal of price from the actual trend.

Fibonacci retracement tool is used to measure the price retracement. If retracement crosses 50% level then it is considered as trend reversal.

Example 1 : Retracement in uptrend

As far as my knowledge goes, traders consider 50% & 60% as key levels.

Paytm has made a good bullish move. But after a while, it starting falling. Technically it is called retracement. If anyone is confident that a stock is still bullish then they try to enter at the Fibonacci retracement levels.

Example 2 : Retracement in downtrend
 

Usually Fibonacci retracement tool is used to connect the swing high and swing low. It also depends on which swing & timeframe you're considering.

Now in this, as the stock is in a downtrend and the price is showing retracement or pull back. Usually traders will try to sell at the key levels of 50% & 60% retracement levels.

If the price breaches 50% level and sustains above it in this scenario, then it is considered as trend reversal.

Note : The stock used for this example is only for educational purposes. Not a trading advice.

In intraday trading, a breakout is a price movement that exceeds a previously established level of resistance or support, while retracement refers to a temporary price movement in the opposite direction of the trend.

A breakout is a key signal for intraday traders, indicating that the price of an asset is likely to continue moving in the direction of the breakout. For example, if a stock is in an uptrend and the price breaks out above a key resistance level, traders may interpret this as a sign to buy the stock, as the price is expected to continue rising.

On the other hand, retracements occur when the price of an asset moves temporarily in the opposite direction of the trend. For example, if a stock is in an uptrend and the price experiences a pullback or temporary decline, this is referred to as a retracement. Intraday traders may look for opportunities to buy the stock at a lower price during a retracement, as the overall trend is still upward.

It's important for intraday traders to be able to identify both breakouts and retracements, as they can provide important trading signals and opportunities. However, it's also important to be cautious when interpreting these signals, as they can be subject to false breakouts and false retracements, which can result in losses.