Non‐linear shape external cloak using a parabolic transformation function is proposed with finite material properties. A simple one directional folding operation is utilised that provides homogeneous material properties in the complementary region, and also eases the creation of anti‐object in the complementary region from an object present in the cloaked region. In the core region, the axial material parameter is spatially invariant and other parameters are spatially varying but possess finite value. Due to finite small material range and its one directional spatial variation, the proposed cloak even with discrete material properties in core region shows nearly zero scattering in contrast to earlier reported cloak. Further, off‐diagonal elements of the core constitutive tensors in the Cartesian coordinate system are removed by converting them to diagonal elements in the principal coordinate system. Thus, only three diagonal elements are needed in the principal coordinate system to create the core medium, which are finite and realisable using two‐dimensional metamaterials.