Blending Options-Inner Shadow

Blending Options-Gradient Overlay

Gradient’s parameters:

Get back to the circle’s copies (place them the same way it is demonstrated in the next picture). Now make use of the Free Transform selection to minimize the group like you may see in the picture and change their parameters with those shown next step.

The parameters of the circle (the color FA0300)
Blending Options-Inner Shadow

Blending Options-Inner Glow

Blending Options-Stroke