[android] Failed to resolve: com.android.support:appcompat-v7:27.+ (Dependency Error)

I am having this issue in Android studio.

Error:Failed to resolve: com.android.support:appcompat-v7:27.+
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My Android Studio is full of error android studio cannot identify libraries. The whole screen looks like this.

This is my Gradle code:

apply plugin: 'com.android.application'

android {
    compileSdkVersion 27
    buildToolsVersion "27.0.1"

    defaultConfig {
        applicationId "com.example.hp.temp"
        minSdkVersion 21
        targetSdkVersion 27
        versionCode 1
        versionName "1.0"
    }
    buildTypes {
        release {
            minifyEnabled false
            proguardFiles getDefaultProguardFile('proguard-android.txt'), 'proguard-rules.pro'
        }
    }
}

dependencies {
    compile fileTree(dir: 'libs', include: ['*.jar'])
    testCompile 'junit:junit:4.12'
    compile 'com.android.support:appcompat-v7:27.+'
}

Find root build.gradle file and add google maven repo inside allprojects tag

repositories {
        mavenLocal()
        mavenCentral()
        maven {                                  // <-- Add this
            url 'https://maven.google.com/' 
            name 'Google'
        }
    } 

It's better to use specific version instead of variable version

compile 'com.android.support:appcompat-v7:27.0.0'

If you're using Android Plugin for Gradle 3.0.0 or latter version

repositories {
      mavenLocal()
      mavenCentral()
      google()        //---> Add this
} 

and inject dependency in this way :

implementation 'com.android.support:appcompat-v7:27.0.0'

If you are using Android Studio 3.0 or above make sure your project build.gradle should have content similar to-

buildscript {                 
    repositories {
        google()
        jcenter()
    }
    dependencies {            
        classpath 'com.android.tools.build:gradle:3.0.1'

    }
}

allprojects {
    repositories {
        google()
        jcenter()
    }
}

Note- position really matters add google() before jcenter()

And for below Android Studio 3.0 and starting from support libraries 26.+ your project build.gradle must look like this-

allprojects {
    repositories {
        jcenter()
        maven {
            url "https://maven.google.com"
        }
    }
}

check these links below for more details-

1- Building Android Apps

2- Add Build Dependencies

3- Configure Your Build