ते they, महात्मनः great soul, कार्मुकस्य bow's, भ्रमन्ती confusion, काञ्चनीम् golden, अलातचक्रप्रतिमाम् going round in circles, कोटिम् burning firestick, ददृशुः saw, राघवम् Raghava, न not

While Rama was going around in circles with his bow, the Rakshasas were confused, and saw the golden ends of the bow to be like a burning fire stick circling and could not see Rama.