
Select this autoshape :-

Drag this shape while selecting red as foreground color.

Apply these layer styles in it :-



Now, draw this circle with ellipse tool :-

Apply these layer styles in it :-

Select this gradient :-



Now, select this autoshape :-

Drag the shape as shown. Again, choose red color as foreground.

Send the shape back by pressing ctrl+alt+shift+{. Apply these layer styles in it : -



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