OTM option expires worthless. That is, its value is zero. NSE exercises it. OK
But what STT etc charge you will pay on ZERO, whatever the rate may be.
lotsize*exercise price(zero) = zero.
Furthermore STT is applicable only on SELL .
No point trying to sell at 0.05 value. you pay...
If you have to scale in , some advocate, do it with 50% of original position, then 50% of last position & so on increasing trailing stop.
eg initial 100
by this time trend may have matured.
cash out, if your stop survives
agreed fully, that's why I said wolfish. Don't get perfect patterns always.
But have observed good reversals when such pattern form at end of a trend.
Varunji also swears by 24400 BNF which this pattern is holding
nice wolf in 1min nifty
wolfish pattern in 1min BNF
but its only 1 min chart and 2 days holiday
and kim jong threatening to explode Hydrogen bomb in pacific'
(someone said 23 sept -- end of world ,when even water will be on fire)