monitoring vs watching

monitoring and watching both are nouns.

Word	Noun	Adjective	Verb	Adverb
monitoring	Yes	No	No	No
watching	Yes	No	No	No

As nouns, watching is a hypernym of monitoring; that is, watching is a word with a broader meaning than monitoring:

monitoring: the act of observing something (and sometimes keeping a record of it)
watching: the act of observing; taking a patient look

Other hypernyms of monitoring include observance, observation.

monitoring (noun)	watching (noun)
the act of observing something (and sometimes keeping a record of it)	the act of observing; taking a patient look