dismay vs discouragement

dismay and discouragement both are nouns.

Word	Noun	Adjective	Verb	Adverb
dismay	Yes	No	Yes	No
discouragement	Yes	No	No	No

As nouns, dismay and discouragement are synonyms defined as:

dismay and discouragement: the feeling of despair in the face of obstacles

Other synonyms of dismay include disheartenment.

dismay (noun)	discouragement (noun)
fear resulting from the awareness of danger	the act of discouraging
the feeling of despair in the face of obstacles	the expression of opposition and disapproval
	the feeling of despair in the face of obstacles

dismay (verb)	discouragement (verb)
fill with apprehension or alarm; cause to be unpleasantly surprised
lower someone's spirits; make downhearted