This paper proposes a fault detection system to detect the strip rupture in six-high stand Cold Rolling Mills based on transient current signal of an electrical motor. For this work, signal smoothing technique is used to highlight precise feature between normal and fault condition. Subtracting the smoothed signal from the original signal gives the residuals that contains the information related to the normal or faulty condition. Using residual signal, discrete wavelet transform is performed and acquire the signal presenting fault feature well. Also, feature extraction and classification are executed by using PCA, KPCA and SVM. The actual data is acquired from POSCO for validating the proposed method.