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.
England has a big target to achieve, India still has to overcome the deficit of 269 runs. So England must be patient, because you can never underestimate the bowlers of India. So both teams have to fight hard, in this match any team can perform well at any time. Only based on performance can the target of victory be ensured, if a partnership of England can perform batting for a long time then there will definitely be a possibility of victory, but India's Mohammad Siraj, Akash Deep are performing well. So the team's victory will depend only on the performance with the change of time.