It is required to design the RF link with sufficiently stable signal margin to minimize bit errors and improve the quality of received data in the telemetry system modulated digitally like PCM/FM. In case of the vehicle flying at a high speed, the variation of the gain pattern between transmitting and receiving antenna and the fee space loss due to flight distance cause the fluctuation of link. In this paper, KSR(Korea Sounding Rocket)- III, the first domestic liquid rocket which was successfully launched in Nov. 2002 is introduced. The SNR(signal-to-noise ratio) variation of the telemetry signal which was measured at S-band ground station, the one which was simulated considering the flight trajectory, and the attitude variation such as roll, pitch and yaw are compared, analyzed, and agree very well. In addition, two virtual flying situations are simulated and evaluated-only one antenna is equipped in one case, and rocket is roll-free in the other.