To reach the targeted runs, England has already collected 50 from 1 wicket. I think England will fulfill the targeted runs and win the match.
Yes, if England batsmen perform well in this innings then England will win. Now the chances of this Test draw are very low, because there are still two days, so England players don't need to bat aggressively, if England batsmen can bat patiently they can win. England opening batsman Zak Crawley was dismissed for 14 runs. Now England need 324 runs to win with 9 wickets in hand. Now if this match is a draw or England can win then England will win the series, if India wins then this series will be a draw. I also think England have a higher chance of winning. But let's see how aggressive Indian bowlers can bowl and which team can win.
The only way this test end in a draw is if their is uninterrupted rain for two days. Today is important day because today we will see winner of this test. It looks like India in good position to win this test but they must not feel relaxed and continue to put pressure on English batting lineup. India got important wicket of Ben Duckett at end of day 3 plays and they must try to get at least 2 wickets in first session today. Mohammed Siraj has done good work in first innings along with Prasidh Krishna and they must bowl well in second innings to level the series. Their is 40 to 50% chance of rain in the afternoon today at Oval.