pointing out vs indication

pointing out and indication both are nouns.

Word	Noun	Adjective	Verb	Adverb
pointing out	Yes	No	No	No
indication	Yes	No	No	No

As nouns, indication is a hypernym of pointing out; that is, indication is a word with a broader meaning than pointing out:

Other hypernyms of pointing out include indicant.

pointing out (noun)	indication (noun)
indication by demonstration	a datum about some physical state that is presented to a user by a meter or similar instrument
	something that serves to indicate or suggest
	the act of indicating or pointing out by name
	(medicine) a reason to prescribe a drug or perform a procedure
	something (as a course of action) that is indicated as expedient or necessary