The α-decay chain of 314−340126 and 350−400138 is studied using cubic plus proximity potential with improved transfer matrix (CPP-ITM) model. The nuclear mass models DD-PC1, WS4, WS3.3 are employed to evaluate the α-decay energies. Thus calculated α-decay half-lives and decay chain lengths are found to be in good agreement with other theoretical formalisms. The spontaneous fission (SF) half-lives are calculated using the formalism of Xu et al. [Phys. Rev. C71 (2005) 014309; Phys. Rev. C78 (2008) 044329] to have a vision on the possible decay modes and decay chain lengths, and the most probable decay chains associated with the isotopes of Z=126&138. This paper unveils the mass region that survives fission and also predict the long α-decay chains of Z=126&138 with 314126 emitting 6α, 316&318126 emit 5α&320126 4α particles, while for 350,352,354,356&358138 chains will have 8,7,6,5α emission. The SF for Z=126&138 occur at A≥330 and A≥372. These current predictions may pave way to detect/synthesize the most probable isotopes of the superheavy elements Z=126&138 in the laboratory through future experiments.