What is mean by ''PIVOT POINT BREAKOUT'' and please explain how to take trade based on this strategy

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What is mean by ‘‘PIVOT POINT BREAKOUT’’ and explain how to take trade based on this strategy.

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            Pivot point breakout is a technical indicator which is used to predict a change in resistance or support levels for a stock. The pivot point is calculated by taking the average of a stock's daily high , low, and closing price. If the market price increases above the pivot point, it is said to indicate a new support level, but if it decreases below the pivot point, it is said to indicate a new resistance level . Pivot points are often used in analysis of the forex market. Formula: the sum of the high , low, and closing prices divided by 3.

Please go through this link for more information http://www.forexbrokers.co/pivot-breakout-strategy-explained/

http://www.dailyfx.com/forex/education/trading_tips/trend_of_the_day/2014/07/16/Trade-Breakouts-with-Pivot-Points.html​

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This is CNX nifty pivot level chart for 20-11-2015. Pure pivot action.